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UB Holdings to delist from regional stock exchanges
Bangalore, Sept 28: United Breweries (Holdings) Ltd, the holdings company of the Bangalore-based UB Group, plans to delist its shares from Ahmedabad, Calcutta, Cochin, Madras, Delhi, Hyderabad and Ludhiana stock exchanges.
Bangalore, Sept 28: United Breweries (Holdings) Ltd, the holdings company of the Bangalore-based UB Group, plans to delist its shares from Ahmedabad, Calcutta, Cochin, Madras, Delhi, Hyderabad and Ludhiana stock exchanges.
UB has decided to delist from the regional stock
exchanges as there has been no trading of its shares in these
bourses, except for scanty trading in Cochin Stock Exchange
during 2002-03, company officials said.
Though the shares were not traded in Bangalore Stock Exchange, UB, however would continue to list its shares in its homeground as well as the Bombay Stock Exchange (BSE).
The shareholders approved the firm's plan to delist shares in the regional bourses at UB's annual general meeting held here last week.
UB Holdings assets on a conservative scale in real estate and investments is estimated at over Rs 500 crore. It has significant investments in breweries and distilleries.
It also has investments in chemicals and fertilisers, pharma and agrochemicals business.
UB Holdings, which was restructured into a separate company, has an authorised capital Rs 100 crores and paid up capital of Rs 22.64 crore, reported a loss of Rs 160.4 crore during 2002-03.
Though the shares were not traded in Bangalore Stock Exchange, UB, however would continue to list its shares in its homeground as well as the Bombay Stock Exchange (BSE).
The shareholders approved the firm's plan to delist shares in the regional bourses at UB's annual general meeting held here last week.
UB Holdings assets on a conservative scale in real estate and investments is estimated at over Rs 500 crore. It has significant investments in breweries and distilleries.
It also has investments in chemicals and fertilisers, pharma and agrochemicals business.
UB Holdings, which was restructured into a separate company, has an authorised capital Rs 100 crores and paid up capital of Rs 22.64 crore, reported a loss of Rs 160.4 crore during 2002-03.
Bureau Report