The approvals pave the way for commercial engagements with the breweries, which Inox India hopes will result in the company turning into a preferred global supplier.
The world's second-largest brewer said on Wednesday that beer volumes rose 4.7% organically in the January-March period, beating the 2.5% growth expected by analysts in a company-provided poll.
Operating profit slumped 22% on an adjusted basis in the first half, the Amsterdam-based brewer said Monday. For the full year, Heineken forecast stable to mid-single digit operating profit growth.
Shares in the world’s second largest brewer rose nearly 4% in early trading Wednesday after it said consumers in Europe were still largely accepting higher prices for its beers, which include its namesake brand and more premium offerings such as Birra Moretti, Beavertown and El Aguila.
The filing by the Netherlands' Financial Markets Authority (AFM) said the shares were purchased on Feb. 17. Heineken Holding owns a controlling stake in brewer Heineken NV (HEIN.AS).
The world’s second-largest brewer expects a jump in input costs “in the high-teens per hectolitre” next year, along with “significantly higher energy costs, particularly in Europe”.
UBL has reported a 66.94 per cent growth in its consolidated net profit at Rs 134.12 crore in the second quarter that ended September 30, mainly on the back of volume growth.
'Walk on beer': Heineken is promoting its new beer with limited edition shoes.
The company, which is controlled by Dutch brewing firm Heineken NV, intends to enhance its product line through innovation thus catering to a larger audience.
The beer company had already halted the sale and production of its Heineken brand in Russia, as well as suspended new investments and exports to the country earlier this month.
It had sought an exemption from an open offer in its application to SEBI on June 7 and June 20.
UEFA's Euro 2020 tournament director Martin Kallen said the main issue had been with Ronaldo's action but there was an understanding of players who did such things for religious reasons.
"In light of the above, it is submitted that the Hon'ble Commission need not reach a firm conclusion on the delineation of the relevant market for the purpose of assessing the Proposed Transaction," the CCI said.
Heineken, the world's number two brewer, said it recorded a net loss of 204 million euros ($247 million) in 2020, a 109 percent fall in profits from the year before.
The British company said Van Boxmeer, a Belgian, will join as a non-executive director on July 28.
Already the largest shareholder in United Breweries with a 46.7 percent shareholding, Heineken seeks to further strengthen its control in the company by taking its stake to over 51 percent.
Heineken, UBL's largest shareholder with a 44 percent stake, has reportedly approached SBI for the stake.
Along with UB, London Pilsner and Heineken beer also plan to launch a slew of zero-alcohol beer in Gujarat as well as elsewhere
The deal will see Heineken, the world's No. 2 brewer, take a 40 percent stake in CRH Beer for HK$24.35 billion ($3.1 billion), giving the Dutch brewer a strong distribution network in China and greater access to one of the world's fastest-growing premium beer sectors.
Heineken is believed to be in talks with absconding businessman Vijay Mallya on his role as UBL's chairman.
SEBI has passed an order asking Vijay Mallya to not be on the board till the order is stayed, said Shekhar Ramamurthy, MD of United Breweries.
In a setback to Vijay Mallya, the Debt Recovery Tribunal (DRT) Thursday allowed SBI-led consortium to petition against the liquor baron. The tribunal has ordered payment of Rs 6,203 crore.
The Debt Recovery Tribunal here has reserved its order on the pleas of SBI-led consortium of banks for recovery of over Rs 9,000 crore from beleaguered liquor baron Vijay Mallya in the Kingfisher Airlines case.
Beleaguered businessman Vijay Mallya remains in "full control" even after relocating to UK, his UB group's holding firm United Breweries Holdings Ltd has said while disclosing remuneration totalling Rs 1.6 crore.
Heineken International BV, the maker of Heineken beer, has increased its stake in United Breweries by buying shares worth Rs 152 crore in an open market transaction today.