new delhi mar 29 amid speculations that heineken could take control of vijay mallyaled united breweries ltd the dutch beer maker today said its increasing stake in ubl to 43 per cent recently will not result in any changes in indian brewers governance structure heineken can confirm that it has acquired in total 2115088 ubl shares the transaction increases heinekens stake in ubl from 422 per cent to 43 per centit does not result in any changes to the ubl governance structure a heineken spokesperson told in an emailed response the spokesperson further said heineken continues to be positive about the prospects of the business in india india has highly favourable demographics with strong economic fundamentals so the market remains an exciting opportunity for continued growth last week heineken international consolidated its stake in ubl by picking up over 21 lakh shares of vijay mallyaled firm for rs 179 crore through open market transactions the spokesperson said heineken had acquired in total 2115088 ubl shares we acquired 600000 ubl shares from yes bank for rs 847 per share 852548 ubl shares from ecl finance for rs 845 per share and an additional 662540 ubl shares from ecl finance for rs 847 per share respectively the total price was 24 million euro he added earlier this month vijay mallya left india for the uk amid growing clamour for recovery of over rs 9000 crore dues to banks by nowdefunct kingfisher airlines since then there have been speculations that heineken being the largest investor in ubl is looking to increase its stake and also take control of the company mallya is under pressure to payoff the dues in a stern warning to wilful defaulters like vijay mallya finance minister arun jaitley has said that they should settle their dues honourably with the banks or else be ready to face coercive action by lenders and investigative agencies i dont want to make any comments on individual cases but i think its a responsibility of large groups like his vijay mallyas to honourably settle their dues with the banks he had told in an interview here svk rkl prb sa