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Heineken becomes top shareholder in India's United Breweries

The Netherlands' Heineken NV has become the largest shareholder of India's United Breweries Ltd after its stake inched past that of liquor baron Vijay Mallya.

Heineken, the world's third-largest brewer, now owns 38.7 percent after buying 1.3 percent on Tuesday from Citicorp Finance India, showed data on the National Stock Exchange on Wednesday. Mallya owns 37.4 percent.