United Breweries Ltd. (UB), Country’s biggest bear maker, has informed that its Board of Directors has fixed the price for the rights issue at Rs 177 per share.

The ratio of entitlement will be one equity share for every 9 equity shares held on the Record Date.

The company has fixed April 21 as the record date for determination of entitlement for issue of equity shares on "rights" basis.

Bangalore-based, United Breweries (Holdings) Limited operates in brewing, distilling, real estate, engineering, fertilizers, biotechnology, information technology, and aviation businesses in India. The company also operates commercial airline in India under the ‘Kingfisher’ brand.

The stock of the company ended the day at Rs 608 on BSE. It touched an intraday high of Rs 620 and low of Rs 602.