The Hindu Business Line : UB Holdings up on block deal

THE UB Holdings today rose on the back of a block deal. The stock witnessed a block deal of 1.5 lakh shares in the total traded quantity of 1.6 lakh shares on the Bombay Stock Exchange.

The stock closed at Rs 42.35, up 2.7 per cent from its previous close.

The delivery percentage (99 per cent) also suggested investment buying. On April 21, Winstar Value Cell, an investment arm of Winstar India Investment Co Ltd, bought 1.5 lakh shares of UB Holdings at Rs 40.50 each.

UB Holdings, after de-merger of brewing business from the erstwhile United Breweries Ltd into a separate company, has been left with investments in the group companies and real estates.

Mr Vijay Mallya-controlled Rs 3,000-crore UB Group has interests in brewing, distilling, pharmaceuticals and engineering.

During the third quarter of 2003-04, the company recorded a net loss of Rs 16.58 crore as against a loss of Rs 14.47 crore in Q3 of 2002-03.

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