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 Corporate - Rights Issue
UB rights issue at Rs 177 a share

Bangalore, April 7

United Breweries, which has announced that it plans to raise Rs 425 crore through a rights issue, said on Monday that it has decided to price the rights issue at Rs 177 an equity share. The beer major informed Bombay Stock Exchange that its committee of directors have decided the price for the rights at Rs 177 an equity share and the ratio of entitlement will be one equity share for every nine equity shares held on the record date. The record date for determination of entitlement for issue of shares will be April 21. United Breweries plans to raise funds to increase the capacity of its various breweries. - Our Bureau

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