New Delhi, Jul 26 (PTI) SBI Mutual Fund on Wednesday bought shares of United Breweries Ltd for Rs 678 crore through an open market transaction.

According to the block deal data available with the NSE, SBI Mutual Fund acquired 46,28,452 shares of United Breweries Ltd (UBL).

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The shares were purchased at an average price of Rs 1,465.80 per piece, taking the aggregate transaction size to Rs 678.43 crore.

Meanwhile, these shares were offloaded by the State Bank of India (S) at the same price.

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Shares of UBL rose 1.31 per cent to close at Rs 1,500 apiece on the NSE.

As of the June quarter, dutch brewing major Heineken holds a majority stake in United Breweries Ltd.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)