💨 Abstract

United Breweries has suspended beer supplies to a state-run corporation in Telangana, India, due to significant operating losses. This decision will halt sales of brands like Heineken and Kingfisher in one of the country's top liquor-selling states. The suspension follows an investigation by the Indian antitrust body into price collusion with retailers in Telangana. United Breweries' shares fell 7% after the news.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖