DERIVATIVES FUTURE : BUY TODAY SELL TOMORROW: UBL

• July 16, 2021
• By BIPRO HALDAR
• 109 Views 259 comments

United Breweries Holdings Limited or UBL Group is an Indian conglomerate company headquartered in UBL City, Bangalore in the state of Karnataka, India. Its core business includes beverages and investments in various sectors. The company chairman is Vijay Mallya, who left India on 2 March 2016, allegedly to escape legal action by Indian banks to whom he owes some ₹9,000 crore (US$1.3 billion) in loans. United Breweries now has greater than a 40% share of the Indian brewing market with 79 distilleries and bottling units across the world. In 2005, UBL financed a takeover of the spirits business of the rival Shaw-Wallace company, giving it a majority share of India’s spirits business.^[5] The group also owns the Mendocino Brewing Company in the United States.The UBL Group was founded by a Scotsman, Thomas Leishman, in 1915, when he brought together Castle Brewery and Nilgiris Breweries (1857), Bangalore Brewing Co. (1885), British Brewing Corp. (1903) and BBB Brewery Co. Ltd. (1913). The Group took its initial lessons in manufacturing beer from South India based British Breweries. At the age of 22, Vittal Mallya was elected as the company’s first Indian director in 1947. After a year, he replaced R. G. N. Price as the chairman of the company. the UBL Group’s brewing entity, which has undisputed market leadership with a national market share in excess of 50%. The UBL Group today controls 60% of the total manufacturing capacity for beer in India. As of March 2016, United Breweries was 43%-owned by Heineken

BUY Price –1452

Profit Target-1490/1519

Stop Loss-1430

Call Duration- POSITIONAL

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