From the Economic Times:
The Diageo-owned United Spirits (USL) has sold its stake in United Breweries to Heineken, giving the Dutch brewer an upper hand in managing the affairs of India's largest beer producer.
USL said on Tuesday that it is exiting all non-core investments having sold 85 lakh shares, or 3.21%, for Rs 872 crore in a block trade. The shares were sold at Rs 1,030 apiece, a slight premium to Tuesday's closing price of Rs 1,014.10.
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