(Adds details on United Breweries decision in paragraph 2)
Jan 20 (Reuters) - Heineken's Indian unit United Breweries 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;))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.