United Breweries shareholders and shareholding pattern

NSE: UBLBSE: 532478BeveragesMid Cap

₹1,142.60₹40.00 (3.38%)BSE ₹1,143.85

Share price at the NSE close on 23 Oct 2026. Previous close ₹1,182.60.

52-week range of traded prices to 23 Oct 2026

₹1,140.00Low, 23 Oct 2026₹1,844.00High, 29 Oct 2025

Next results date: the board meets on 27 Oct 2026 to consider: financial results.

Market cap: ₹30,211 Cr228th largest listed
P/E: 76.4
P/E without one-offs: 88.8
P/B: 6.7
Dividend yield: 0.88%
ROE: 8.9%
ROE without one-offs: 7.7%
ROCE: 8.5%
Debt to equity: 0.26
Volume, NSE: 1,20,20151.0% delivered

Who owns United Breweries, filing by filing

Per cent of the company's shares. The last ten years of filings, from Dec 2016; the latest is the filing for Sep 2026.

Sep 2026 filing

Promoters70.83%
Foreign institutions5.36%
Indian institutions17.28%
Governments1.16%
Individuals and others5.38%

Shareholding pattern, per cent, from Sep 2022

Promoters
Foreign institutions
Indian institutions
Governments
Individuals and others

Per cent	Dec 2016Filed 6 Jan	Mar 2017Filed 11 Apr	Jun 2017Filed 13 Jul	Sep 2017Filed 9 Oct	Dec 2017Filed 15 Jan	Mar 2018Filed 5 Apr	Jun 2018Filed 1 Nov	Sep 2018Filing	Dec 2018Filed 8 Jan	Mar 2019Filed 18 Apr	Jun 2019Filed 9 Aug	Sep 2019Filed 22 Oct	Dec 2019Filed 31 Jan	Mar 2020Filed 17 Apr	Jun 2020Filed 7 Aug	Sep 2020Filed 12 Oct	Dec 2020Filed 11 Jan	Mar 2021Filed 13 Apr	Jun 2021Filed 25 Aug	Sep 2021Filed 13 Oct	Dec 2021Filed 20 Jan	Mar 2022Filed 20 Apr	Jun 2022Filed 20 Jul	Sep 2022Filed 17 Oct	Dec 2022Filed 7 Jan	Mar 2023Filed 6 Apr	Jun 2023Filed 6 Jul	Sep 2023Filed 6 Oct	Dec 2023Filed 5 Jan	Mar 2024Filed 8 Apr	Jun 2024Filed 16 Jul	Sep 2024Filed 16 Oct	Dec 2024Filed 16 Jan	Mar 2025Filed 16 Apr	Jun 2025Filed 21 Jul	Sep 2025Filed 15 Oct	Dec 2025Filed 16 Jan	Mar 2026Filed 16 Apr	Jun 2026Filed 17 Jul	Sep 2026Filed 13 Oct
	73.87%	73.87%	73.87%	73.35%	73.35%	73.35%	57.72%	57.72%	57.72%	57.72%	57.72%	57.72%	57.72%	57.72%	57.72%	57.72%	57.72%	57.72%	72.71%	72.71%	72.71%	72.71%	72.71%	72.71%	72.71%	72.71%	72.71%	70.99%	70.83%	70.83%	70.83%	70.83%	70.83%	70.83%	70.83%	70.83%	70.83%	70.83%	70.83%	70.83%
Indian promoters	29.99%	29.99%	29.99%	29.46%	29.46%	29.46%	13.84%	–	13.84%	11.04%	11.04%	11.04%	11.04%	11.04%	11.04%	11.04%	11.04%	11.04%	11.04%	11.04%	11.04%	11.04%	11.04%	11.04%	11.04%	11.04%	11.04%	9.31%	9.31%	9.31%	9.31%	9.31%	9.31%	9.31%	9.31%	9.31%	9.31%	9.31%	9.31%	9.31%
Foreign promoters	43.88%	43.88%	43.88%	43.88%	43.88%	43.88%	43.88%	–	43.88%	46.69%	46.69%	46.69%	46.69%	46.69%	46.69%	46.69%	46.69%	46.69%	61.68%	61.68%	61.68%	61.68%	61.68%	61.68%	61.68%	61.68%	61.68%	61.68%	61.52%	61.52%	61.52%	61.52%	61.52%	61.52%	61.52%	61.52%	61.52%	61.52%	61.52%	61.52%
	26.13%	26.13%	26.13%	26.65%	26.65%	26.65%	42.28%	42.28%	42.28%	42.28%	42.28%	42.28%	42.28%	42.28%	42.28%	42.28%	42.28%	42.28%	27.29%	27.29%	27.29%	27.29%	27.29%	27.29%	27.29%	27.29%	27.29%	29.01%	29.17%	29.17%	29.17%	29.17%	29.17%	29.17%	29.17%	29.17%	29.17%	29.17%	29.17%	29.17%
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	6.93%	6.94%	6.44%	6.31%	6.71%	6.71%	6.63%	6.43%	6.26%	6.43%	6.91%	6.73%	6.26%	5.50%	4.94%	4.88%	5.36%
Foreign portfolio investors, category I	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	6.93%	4.75%	4.31%	4.88%	5.32%	5.44%	5.45%	5.51%	5.39%	5.52%	5.97%	5.82%	5.53%	5.02%	4.70%	4.64%	5.33%
Foreign portfolio investors, category II	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.00%	2.19%	2.12%	1.43%	1.38%	1.27%	1.18%	0.92%	0.87%	0.91%	0.95%	0.91%	0.73%	0.48%	0.24%	0.23%	0.03%
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	13.87%	13.90%	14.41%	14.65%	15.97%	16.06%	16.13%	16.38%	16.61%	16.52%	16.17%	16.37%	16.68%	17.45%	18.08%	17.78%	17.28%
Mutual funds	4.00%	4.34%	4.26%	3.96%	3.66%	3.69%	3.66%	–	3.32%	3.40%	4.17%	4.85%	6.99%	8.30%	8.17%	7.79%	8.11%	8.20%	8.24%	8.45%	8.67%	9.89%	11.23%	12.24%	12.48%	13.19%	13.38%	14.68%	14.98%	14.79%	15.12%	15.47%	15.54%	15.00%	15.04%	15.51%	16.37%	16.94%	17.01%	16.33%
Insurance companies	–	–	–	–	–	–	–	–	–	–	–	0.53%	0.84%	0.89%	0.52%	1.06%	1.46%	1.68%	1.74%	1.79%	1.92%	1.69%	1.44%	1.21%	1.10%	0.78%	0.71%	0.74%	0.74%	0.98%	0.89%	0.83%	0.66%	0.65%	0.63%	0.46%	0.43%	0.49%	0.46%	0.61%
Banks	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.16%	0.04%	0.14%	0.26%	0.25%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.04%	0.03%	0.03%	0.02%
Provident and pension funds	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	0.23%	0.29%	0.30%	0.30%	0.30%	0.31%	0.32%	0.34%	0.29%	0.29%	0.31%	0.31%	0.32%	0.25%	0.25%	0.25%	0.25%
Alternative investment funds	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	–	–	0.12%	0.39%	0.34%	0.37%	0.33%	0.21%	0.20%	0.05%	0.13%	0.24%	–	0.09%	0.06%	0.07%	0.06%	0.03%	0.00%	0.00%	0.00%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	0.18%	0.36%	0.36%	0.36%	0.37%	0.04%	0.06%
Venture capital funds	–	–	–	–	–	–	0.03%	–	–	–	–	–	–	–	–	–	–	–	0.08%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	–	–	–	–	–	–
Non-bank lenders registered with RBI	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	–	–	–
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.16%	1.16%	1.16%	1.16%	1.16%	1.16%	1.16%	1.16%	1.16%	1.16%	1.16%	1.16%	1.16%	1.16%	1.16%	1.16%	1.16%
Central government	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.16%	1.16%	1.16%	1.16%	1.16%	1.16%	1.16%	1.16%	1.16%	1.16%	1.16%	1.16%	1.16%	1.16%	1.16%	1.16%	1.16%
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	5.33%	5.29%	5.28%	5.17%	5.18%	5.24%	5.25%	5.21%	5.14%	5.06%	4.93%	4.91%	5.07%	5.07%	4.99%	5.36%	5.38%
Resident individuals, up to ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	2.84%	2.77%	2.74%	2.82%	2.87%	2.67%	2.70%	2.61%	2.56%	2.50%	2.48%	2.48%	2.58%	2.58%	2.50%	2.86%	2.87%
Resident individuals, over ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.00%	0.00%	0.00%	0.00%	0.00%	0.09%	0.09%	0.09%	0.09%	0.09%	0.00%	–	0.00%	–	–	–	–
Companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.54%	1.56%	1.51%	1.39%	1.36%	1.34%	1.34%	1.30%	1.31%	1.30%	1.34%	1.33%	1.33%	1.32%	1.33%	1.34%	1.34%
Non-resident Indians	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.17%	0.16%	0.16%	0.16%	0.16%	0.17%	0.17%	0.16%	0.16%	0.16%	0.15%	0.15%	0.15%	0.15%	0.15%	0.15%	0.15%
Investor education fund	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.58%	0.61%	0.61%	0.61%	0.61%	0.77%	0.77%	0.77%	0.77%	0.78%	0.78%	0.78%	0.77%	0.78%	0.77%	0.77%	0.76%
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.19%	0.18%	0.25%	0.18%	0.19%	0.18%	0.18%	0.26%	0.24%	0.23%	0.18%	0.18%	0.24%	0.24%	0.24%	0.25%	0.25%
Unclaimed or Suspense or Escrow Account	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.08%	0.08%	0.08%	0.08%	0.08%	0.08%	0.08%	0.08%	0.08%	0.08%	0.08%	0.08%	0.08%	0.08%	0.08%	0.08%	0.08%
Trusts	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.10%	0.10%	0.10%	0.10%	0.10%	0.10%	0.10%	0.10%	0.10%	0.10%	0.10%	0.10%	0.10%	0.10%	0.10%	0.10%	0.10%
Clearing Members	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.01%	Under 0.01%	0.07%	Under 0.01%	0.01%	Under 0.01%	Under 0.01%	0.08%	0.06%	0.04%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%
LLP	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
Hindu undivided families	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.06%	0.06%	0.06%	0.06%	0.06%
Promoter shares pledgedShare of the promoters' own shares	18.73%	18.73%	18.73%	18.14%	18.14%	18.14%	23.06%	23.06%	23.06%	18.20%	18.20%	18.20%	18.20%	18.20%	18.20%	18.20%	18.20%	18.20%	14.45%	14.45%	14.45%	14.45%	14.45%	14.97%	14.97%	14.45%	14.45%	12.38%	12.40%	12.40%	12.40%	12.40%	12.40%	12.40%	12.40%	12.40%	12.40%	12.40%	12.40%	12.40%
Shares in issue	26,44,05,149	26,44,05,149	26,44,05,149	26,44,05,149	26,44,05,149	26,44,05,149	26,44,05,149	26,44,05,149	26,44,05,149	26,44,05,149	26,44,05,149	26,44,05,149	26,44,05,149	26,44,05,149	26,44,05,149	26,44,05,149	26,44,05,149	26,44,05,149	26,44,05,149	26,44,05,149	26,44,05,149	26,44,05,149	26,44,05,149	26,44,05,149	26,44,05,149	26,44,05,149	26,44,05,149	26,44,05,149	26,44,05,149	26,44,05,149	26,44,05,149	26,44,05,149	26,44,05,149	26,44,05,149	26,44,05,149	26,44,05,149	26,44,05,149	26,44,05,149	26,44,05,149	26,44,05,149

Filings before Sep 2022 are on an older form, which did not split institutions into foreign and Indian and grouped some holders differently, so those columns show only the lines both forms state alike. Pledged is the share of the promoters' own shares given to lenders as security. A dash is a line the filing did not state. “Under 0.01%” is a holding of shares too small to show at two decimals.

Number of United Breweries shareholders

Shareholders on the company's register in each filing.

Shareholders, filing by filing

Shareholders	Dec 2016Filed 6 Jan	Mar 2017Filed 11 Apr	Jun 2017Filed 13 Jul	Sep 2017Filed 9 Oct	Dec 2017Filed 15 Jan	Mar 2018Filed 5 Apr	Jun 2018Filed 1 Nov	Sep 2018Filing	Dec 2018Filed 8 Jan	Mar 2019Filed 18 Apr	Jun 2019Filed 9 Aug	Sep 2019Filed 22 Oct	Dec 2019Filed 31 Jan	Mar 2020Filed 17 Apr	Jun 2020Filed 7 Aug	Sep 2020Filed 12 Oct	Dec 2020Filed 11 Jan	Mar 2021Filed 13 Apr	Jun 2021Filed 25 Aug	Sep 2021Filed 13 Oct	Dec 2021Filed 20 Jan	Mar 2022Filed 20 Apr	Jun 2022Filed 20 Jul	Sep 2022Filed 17 Oct	Dec 2022Filed 7 Jan	Mar 2023Filed 6 Apr	Jun 2023Filed 6 Jul	Sep 2023Filed 6 Oct	Dec 2023Filed 5 Jan	Mar 2024Filed 8 Apr	Jun 2024Filed 16 Jul	Sep 2024Filed 16 Oct	Dec 2024Filed 16 Jan	Mar 2025Filed 16 Apr	Jun 2025Filed 21 Jul	Sep 2025Filed 15 Oct	Dec 2025Filed 16 Jan	Mar 2026Filed 16 Apr	Jun 2026Filed 17 Jul	Sep 2026Filed 13 Oct
All shareholders	33,478	33,867	33,448	32,410	32,388	32,125	35,242	34,446	36,822	35,910	35,809	35,770	40,155	44,125	60,648	67,517	60,034	60,198	66,133	63,301	66,556	66,559	64,675	63,576	61,760	63,475	69,384	67,954	65,418	66,914	67,868	66,794	68,483	68,802	71,177	78,877	81,332	79,464	93,908	95,495
	13	13	13	13	13	13	9	9	9	8	8	8	8	8	8	8	8	8	8	8	8	8	8	8	8	8	8	6	5	5	5	5	5	5	5	5	5	5	5	5
Indian promoters	9	9	9	9	9	9	5	–	5	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	2	2	2	2	2	2	2	2	2	2	2	2	2
Foreign promoters	4	4	4	4	4	4	4	–	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	3	3	3	3	3	3	3	3	3	3	3	3
	33,465	33,854	33,435	32,397	32,375	32,112	35,233	34,437	36,813	35,902	35,801	35,762	40,147	44,117	60,640	67,509	60,026	60,190	66,125	63,293	66,548	66,551	64,667	63,568	61,752	63,467	69,376	67,948	65,413	66,909	67,863	66,789	68,478	68,797	71,172	78,872	81,327	79,459	93,903	95,490
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	143	155	152	136	130	131	142	147	157	159	170	164	146	138	132	115	120
Foreign portfolio investors, category I	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	143	141	138	127	120	122	130	134	144	144	153	147	132	129	125	110	115
Foreign portfolio investors, category II	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0	14	14	9	10	9	12	13	13	15	17	17	14	9	7	5	5
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	163	164	170	170	164	167	160	159	160	150	163	157	50	47	47	43	44
Mutual funds	75	70	58	53	49	41	48	–	58	69	88	98	123	113	113	118	110	110	116	108	104	119	125	122	128	136	126	130	133	122	126	126	115	126	124	25	25	25	23	23
Insurance companies	–	–	–	–	–	–	–	–	–	–	–	6	11	13	14	19	18	19	31	20	23	19	19	19	15	13	22	11	11	14	13	13	12	9	10	11	8	8	7	8
Banks	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	9	9	9	10	10	9	9	9	9	9	9	9	7	8	7	7	6
Provident and pension funds	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	3	1	3	3	9	11	11	11	11	11	13	8	8	8	11	8	1	1	1	1	1
Alternative investment funds	1	1	1	1	1	1	–	–	5	11	9	10	9	2	2	1	4	2	–	4	3	3	2	2	0	0	0	1	2	1	1	2	4	7	5	5	4	6	5	6
Venture capital funds	–	–	–	–	–	–	1	–	–	–	–	–	–	–	–	–	–	–	2	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	–	–	–	–	–	–
Non-bank lenders registered with RBI	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	2	1	1	1	1	1	1	2	2	2	1	1	1	1	–	–	–
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
Central government	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	63,261	61,432	63,144	69,069	67,653	65,114	66,606	67,556	66,471	68,168	68,463	70,850	78,675	81,141	79,279	93,744	95,325
Resident individuals, up to ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	61,641	59,534	61,241	67,144	65,660	63,107	64,545	65,315	64,288	65,986	66,292	68,715	75,569	77,968	76,105	90,197	91,722
Resident individuals, over ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0	0	0	0	0	1	1	1	1	1	0	–	0	–	–	–	–
Companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	38	386	385	388	377	352	357	382	349	333	325	308	323	330	325	350	352
Non-resident Indians	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1,498	1,459	1,467	1,503	1,583	1,617	1,670	1,799	1,773	1,788	1,785	1,773	1,829	1,833	1,847	2,022	2,059
Investor education fund	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	83	52	50	33	32	36	32	58	59	59	60	53	953	1,009	1,001	1,174	1,191
Unclaimed or Suspense or Escrow Account	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
Trusts	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	9	9	6	7	7	7	6	7	7	7	9	8	10	9	8	8	8
Clearing Members	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	73	27	27	10	10	8	8	9	10	11	7	7	6	5	5	5	5
LLP	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	15	16	15	14	20	17	41	41	40	43	37	41	38	38	46	48
Hindu undivided families	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	895	956	949	1,114	1,129

United Breweries promoters

Promoters are the founders, families and companies that control the company, as its filings name them. Every member of the promoter group holding shares in the filing for Sep 2026; the largest is SCOTTISH AND NEWCASTLE INDIA LIMITED, 34.04%. The filing names 8 more members with no shares.Promoter buying and selling

Holder
SCOTTISH AND NEWCASTLE INDIA LIMITEDForeign companies and others	34.04%	8,99,94,960	0.00%
HEINEKEN INTERNATIONAL B.VForeign companies and others	24.27%	6,41,69,921	0.00%
VIJAY MALLYAIndividuals and Hindu undivided families	8.08%	2,13,53,620	98.11%
HEINEKEN UK LIMITEDForeign companies and others	3.21%	84,89,270	0.00%
KAMSCO INDUSTRIES PRIVATE LIMITEDIndian companies, trusts and others	1.24%	32,74,000	69.61%

Pledged is the share of the holder's own shares pledged to a lender.

Largest public holders of United Breweries, filing by filing

Per cent, on the same shares as the split above.Mutual funds holding United Breweries

Holder	Dec 2016Filed 6 Jan	Mar 2017Filed 11 Apr	Jun 2017Filed 13 Jul	Sep 2017Filed 9 Oct	Dec 2017Filed 15 Jan	Mar 2018Filed 5 Apr	Jun 2018Filed 1 Nov	Sep 2018Filing	Dec 2018Filed 8 Jan	Mar 2019Filed 18 Apr	Jun 2019Filed 9 Aug	Sep 2019Filed 22 Oct	Dec 2019Filed 31 Jan	Mar 2020Filed 17 Apr	Jun 2020Filed 7 Aug	Sep 2020Filed 12 Oct	Dec 2020Filed 11 Jan	Mar 2021Filed 13 Apr	Jun 2021Filed 25 Aug	Sep 2021Filed 13 Oct	Dec 2021Filed 20 Jan	Mar 2022Filed 20 Apr	Jun 2022Filed 20 Jul	Sep 2022Filed 17 Oct	Dec 2022Filed 7 Jan	Mar 2023Filed 6 Apr	Jun 2023Filed 6 Jul	Sep 2023Filed 6 Oct	Dec 2023Filed 5 Jan	Mar 2024Filed 8 Apr	Jun 2024Filed 16 Jul	Sep 2024Filed 16 Oct	Dec 2024Filed 16 Jan	Mar 2025Filed 16 Apr	Jun 2025Filed 21 Jul	Sep 2025Filed 15 Oct	Dec 2025Filed 16 Jan	Mar 2026Filed 16 Apr	Jun 2026Filed 17 Jul	Sep 2026Filed 13 Oct
DERIVE TRADING AND RESORTS PRIVATE LIMITEDCompanies	–	–	–	–	1.23%	1.22%	1.23%	–	1.23%	1.23%	1.23%	1.23%	1.23%	1.23%	1.23%	1.23%	1.23%	1.21%	1.23%	1.23%	1.20%	1.21%	1.23%	1.21%	1.21%	1.19%	1.21%	1.21%	–	–	–	1.20%	1.20%	1.23%	1.23%	1.23%	1.23%	1.23%	1.23%	1.23%
RECOVERY OFFICER DRT 1 CHENNAICentral government	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.16%	1.16%	1.16%	1.16%	1.16%	1.16%	1.16%	1.16%	1.16%	1.16%	1.16%
DERIVE TRADING AND RESORTS PRIVATE LIMITED-1301240000121878Companies	1.18%	1.18%	1.18%	1.18%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.21%	1.23%	1.20%	–	–	–	–	–	–	–	–	–
RECOVERY OFFICER DRT 1 CHENNAI-IN30135621056229Central government	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.16%	–	–	–	–	–	–	–	–	–	–	–
RECOVERY OFFICER I DRT II-IN30135620791377Central government	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.16%	1.16%	1.16%	1.16%	–	–	–	–	–	–	–	–	–	–	–	–
HHLR FUND LPForeign portfolio investors, category II	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.04%	1.04%	1.04%	1.04%	1.04%	–	–	–	–	–	–	–	–	–	–	–	–	–	–
RECOVERY OFFICER DRT 2Central government	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.16%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
RECOVERY OFFICER I DRT IICentral Government Or State Government SOr President Of India	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.16%	1.16%	1.16%	1.16%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
ICICI PRUDENTIAL LIFE INSURANCE COMPANY LIMITEDInsurance companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.02%	–	1.03%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
GAOLING FUND, L.P.Institutions Foreign Portfolio Investor	–	–	–	–	–	–	–	–	–	–	–	–	–	1.04%	1.04%	1.04%	1.04%	1.04%	1.04%	1.04%	1.04%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
DEPUTY DIRECTOR , DIRECTORATE OF ENFORCEMENT,MUMBAICentral Government Or State Government SOr President Of India	–	–	–	–	–	–	16.15%	–	16.15%	16.15%	16.15%	16.15%	16.15%	16.15%	16.15%	16.15%	16.15%	16.15%	1.16%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
ARISAIG INDIA FUND LIMITEDInstitutions Foreign Portfolio Investor	–	–	–	–	2.30%	2.30%	2.30%	–	2.30%	2.30%	2.30%	2.30%	2.06%	2.06%	1.78%	1.19%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
FIRST STATE INVESTMENTS ICVC- STEWART INVESTORS GLOBAL EMERGING MARKETInstitutions Foreign Portfolio Investor	–	–	–	–	1.52%	1.73%	–	–	1.40%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
ACACIA PARTNERS, LPInstitutions Foreign Portfolio Investor	–	–	–	–	1.03%	1.03%	1.03%	–	1.03%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
FIRST STATE INVESTMENTS ICVC-STEWARTInstitutions Foreign Portfolio Investor	–	–	–	–	–	–	1.59%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
ARISAIG PARTNERS (ASIA) PTE LTD. A/C ARISAIG INDIA FUND LIMITED-IN30014210438382Institutions Foreign Portfolio Investor	2.30%	2.30%	2.30%	2.30%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
FIRST STATE INVESTMENTS ICVC- STEWART INVESTORS GLOBAL EMERGING MARKETS LEADERS FUND-IN300Institutions Foreign Portfolio Investor	–	1.23%	1.43%	1.43%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
ACACIA PARTNERS, LP-IN30005410013042Institutions Foreign Portfolio Investor	1.03%	1.03%	1.03%	1.03%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
NATIONAL WESTMINSTER BANK PLC AS DEPOSITARY OF FIRST STATE GLOBAL EMERGING MARKETS LEADERSInstitutions Foreign Portfolio Investor	1.23%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–

A filing names every holder above one per cent, in the company's own words: an insurer's holding can carry one of its funds' names. Mutual funds are left out here: each fund's holding is on the Mutual funds tab, from its own portfolio. A dash is a filing that did not name the holder, which includes holding under one per cent.