United Brew spikes a volume surge
By
Research Desk
about 8 years ago
In the mid-afternoon trades, some 18.5 lakh shares of United Breweries changed hands in a block deal. This was done at a price of Rs.822/share, putting the total value of the deal at Rs.152 crore.
The word on the Street is that Heineken might have bought some of the pledged shares sold by a private bank with whom the shares were pledged. Heineken currently has a 43% stake.
The stock today showed a volume of almost 21 lakh shares, which is a jaw-dropping 117 times surge given the 2-week average volume of 18,000 shares.