Vijay Mallya-led United Breweries raised Rs 285 crore by placing treasury stock with select long term institutional investors.

United Breweries today said its benefit trust has sold its entire shareholding, constituting 2.36 per cent of paid-up equity in the company.

The Vijay Mallya-led beer company United Breweries will merge joint venture firm Millennium Alcobev and other subsidiary companies with its...