UBL is the maker of India's top-selling Kingfisher lager that was owned by Indian businessman Vijay Mallya, who the government wants to extradite from Britain over a $1.4 billion (£1bn) bank loans fraud case. The banks took possession of the stake and the Competition Commission of India approved Heineken's proposed acquisition of additional equity in June. India offers long-term growth prospects as per capita beer consumption in the country is low at 2 litres per annum, while growing population includes a strong emerging middle class which would enable higher consumption, Heineken said. "UBL has a proud history dating back more than a century as an influential shaper of the beer industry in India," said Dolf van den Brink, chairman and chief executive officer of Heineken.