Heineken increases stake in United Breweries to 43%

Mallya holds 32.45% in United Breweries, nearly half of which is pledged with banks as his personal surety for loans taken to run the defunct Kingfisher Airlines

Dutch beer maker Heineken increased its stake inUnited Breweries to 43% by buying shares in the open market even as UB chairman Vijay Mallya battles an outrage for loans he owes to banks.

Mallya holds 32.45% in United Breweries, nearly half of which is pledged with banks as his personal surety for loans taken to run the defunct Kingfisher Airlines.

Heineken bought 21.15 lakh shares for Rs 178.98 crore to increase its stake in UB by 0.8 per cent. Yes Bank and ECL Finance, with whom Mallya had pledged shares, sold them in bulk deals on Wednesday, according to the Bombay Stock Exchange.

Mallya, who built India's largest beer and liquor company, lost majority control after he started the cash guzzling Kingfisher Airlines that virtually brought down his empire. Mallya lost majority control in United Breweries to Heineken, in which he still has significant stake and United Spirits to British liquor major Diageo, from which he was forced to exit.In the bargain, Mallya got $75 million from Diageo with a committment not to compete with United Spirits and Diageo globally.

Source : http://www.business-standard.com

Coal India shares tumble nearly 7% on ex-dividend

The stock plummeted 6.96 per cent to settle at Rs. 296.85 on BSE. Intra—day, it tumbled 8.36 per cent toRs. 292.35.Shares of Coal India Ltd plunged nearly 7 per cent, wiping out Rs. 14,022 crore from its market valuation, amid massive selling by investors as the stock went ex-dividend today.

On NSE, shares of the company dipped 6.96 per cent to close at Rs. 296.70.

The company’s market valuation was shaved off by Rs. 14,021.72 crore to Rs. 1,87,501.28 crore.

The blue—chip stock was the biggest loser among the 30—share Sensex components.

On the volume front, 8.20 lakh shares of the company changed hands at BSE and over 90 lakh shares at NSE during the day.

“The company has fixed March 15, 2016 as the record date for the purpose of payment of interim dividend on equity shares for 2015—16, if declared by the Board,” Coal India had said in a BSE filing late last month.

Coal India (CIL) has declared an interim dividend of Rs. 27.40 per share for this fiscal.

The largest beneficiary will be the central government, which holds 79.64 per cent in CIL and will get a dividend of Rs. 17,308 crore, a communique had said earlier this month.

The issuing company fixes a particular date which is termed as record date when the investor must own shares in order to be eligible to participate in events like receiving dividend and bonus shares. PTI SUM ARD 03141858

(This article was published on March 14, 2016)

Coal India Ltd

BSE: 296.85 ( -6.96 % )

NSE: 296.70 ( -6.96 % )

Share Holding Pattern

Promoter & Group Public Shareholding Shares held by Custodians...

Category of Shareholder No of Shares % Share Holdings Demat Shares Share Holders Foreign Foreign (Promoter & Group) - Bodies Corporate 0 0 0 0 Foreign (Promoter & Group)-Individuals (Non-Resident / Foreign) 0 0 0 0 Foreign Promoter(Institutional) 0 0 0 0 Promoter Others 0 0 0 0 Sub Total 0 0 0 0 Indian Bodies Corporate-Indian (Promoter & Group) 0 0 0 0 Government(Central / State)-Indian (Promoter & Group) 5030970582 79.6498 5030970582 1 Directors & their Relatives-Indian (Promoter & Group) 0 0 0 0 Financial Institutions / Banks-Indian (Promoter & Group) 0 0 0 0 Individuals / Hindu Undivided Family-Indian (Promoter & Group) 0 0 0 0 Partnership Firms-Indian (Promoter & Group) 0 0 0 0 Persons Acting in Concert 0 0 0 0 Trusts 0 0 0 0 Others 0 0 0 0 Sub Total 5030970582 79.6498 5030970582 1 Total ShareHolding for Promoter & Group 5030970582 79.6498 5030970582 1 Grand Total 6316364400 100 6316357923 626424

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Source : http://www.thehindubusinessline.com; PTI