Brewing company Scottish & Newcastle has been given approval to increase its stake in Indian brewer United Breweries from 26% to 37.5%, withy total costs amounting to $177m for the stake.
Permission was granted for the purchase by the Indian Cabinet Committee on Economic Affairs (CCEA).
United Breweries makes products such as Kingfisher, the number one Indian beer brand,.
Permission was granted for the purchase by the Indian Cabinet Committee on Economic Affairs (CCEA).
United Breweries makes products such as Kingfisher, the number one Indian beer brand,.
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