Heineken's United Breweries to resume beer supply to Indian state (updated)

United Breweries

20/01/2025 05:57

(Adds details on United Breweries decision in paragraph 2)
       Jan 20 (Reuters) - Heineken's  HEIN.AS  Indian unit
United Breweries  UBBW.NS  said on Monday it would resume beer
supplies to India's Telangana state, in an interim decision,
weeks after it halted supply over pricing and non-payment of
dues by the state government.
    The 'Kingfisher' beer manufacturer said the interim decision
was made following "constructive" talks with the government,
which "assured" it would address the pricing and dues in a "time
bound manner."
        "We have decided to restart our supplies... for the time
being. This is an interim decision in the interest of consumers,
workers and stakeholders," United Breweries said in an exchange
filing.
  
        United Breweries' shares jumped as much as 6.3%
following the news. They were last up 3.1% at 2,011 rupees.
  

 (Reporting by Nandan Mandayam in Bengaluru; Editing by Eileen
Soreng)
 ((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))