India. Heineken ups stake in United Breweries; how long can Vijay Mallya hold on?

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Shares of United Breweries Ltd surged nearly 6 percent today after Heineken International BV increased its stake in the company by buying shares worth Rs 152 crore.

The scrip rose 5.91 percent to end at Rs 877 on BSE. During the day, it soared 7.15 percent to Rs 887.30
At NSE, shares of the company jumped 5.76 percent to close at Rs 876.50. (more…)