UPDATE 1-Heineken's United Breweries to resume beer supply to Indian state

Reuters

Jan 20, 2025

(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;))

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This is an interim decision in the interest of consumers, workers and stakeholders,\" United Breweries said in an exchange filing.</p><p>       United Breweries' shares jumped as much as 6.3% following the news. They were last up 3.1% at 2,011 rupees.</p><p> (Reporting by Nandan Mandayam in Bengaluru; Editing by Eileen Soreng)</p><p>((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1150488135.SGD","symbol_name":"First Eagle Amundi Income Builder AHS-MD SGD-H","start_time":0,"source_url":"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","article_id":"2504423417","we_media_id":"1036604489","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2504423417","pubTimestamp":1737352637,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"summary":"(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","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU1150488135.SGD":"First Eagle Amundi Income Builder AHS-MD SGD-H","LU1150488218.USD":"First Eagle Amundi Income Builder AU2-MD USD","CCU":"智利CCU","BK4158":"啤酒酿造商"},"translate_title":"更新1-喜力联合啤酒厂将恢复向印度邦供应啤酒","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CCU":1},"content_text":"(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;))","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}