By Jaime Llinares Taboada

Heineken NV said Wednesday that it has expanded its shareholding in Indian conglomerate United Breweries Ltd. to 61.5% from 46.5%.

The Dutch beer company said it acquired an additional 39.6 million shares. Based on the current share price of INR1,429.50, the acquired stake has a value of 56.67 billion rupees ($763.9 million).

Write to Jaime Llinares Taboada at jaime.llinares@wsj.com; @JaimeLlinaresT

(END) Dow Jones Newswires

June 23, 2021 01:19 ET (05:19 GMT)

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