UB Holdings cuts stake in United Spirit by 2.02%

United Breweries Holdings has cut its stake in United Spirit by 2.02 percent to 15.73 percent. Also, there has been a reduction in its holding due to invocation of pledged shares. SBI likely seller of these pledge shares, report CNBC-TV18.

At 10 hrs UB Holdings was quoting at Rs 39.60, down Rs 2.05, or 4.92 percent. There were pending sell orders of 133,040 shares, with no buyers available.

It has touched an intraday high of Rs 39.60 and an intraday low of Rs 39.60. It was trading with volumes of 5,580 shares.

In the previous trading session, the share closed down 4.91 percent or Rs 2.15 at Rs 41.65.

However, at same time United Spirits was quoting at Rs 1,827, up Rs 4.40, or 0.24 percent. It has touched an intraday high of Rs 1,847.60 and an intraday low of Rs 1,803.

It was trading with volumes of 63,650 shares. In the previous trading session, the share closed down 2.00 percent or Rs 37.20 at Rs 1,822.60.