E-Malt.com News article: India: High Court of Karnataka approves United Breweries amalgamation scheme with Scottish & Newcastle India

United Breweries has received an approval from High Court of Karnataka for scheme of amalgamation between Scottish & Newcastle India and with itself, Indian Commodity reported on April, 20.

The certified true copy of the Court Order has been filed with the Registrar of Companies, Karnataka and the Scheme has become effective.

The company shall in due course allot equity shares to the eligible shareholders in terms of the Scheme.

United Breweries is maker of Kingfisher beer and Heineken beer in India. Kingfisher is largest selling beer in India that commands 29% of market share. The company has presence in 52 countries.


24 April, 2013