October 12, 2018 / 5:47 AM / in 2 months

BUZZ-India's United Breweries falls; competition watchdog raids offices of top 3 brewers -report

** Shares of Indian liquor co United Breweries Ltd fall as much as 3 pct to 1,152.55 rupees

** India’s competition watchdog raided offices of three top beer companies, including UB, on Thursday as part of an investigation of price-fixing allegations, sources told Reuters

** Search and seizure operations were conducted at offices of United Breweries, Denmark’s Carlsberg A/S and Anheuser-Busch InBev NV in at least two Indian cities, sources added

** More than 570,800 shares change hands, compared with their 30-day moving avg of 796,500 shares

** Up to last close, stock had risen 10.1 pct this year

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