💨 Abstract

Heineken-owned United Breweries, India's largest beer company, has halted beer supplies to Telangana, India's biggest beer-consuming state, due to the state's refusal to allow price increases. The company claims these price rises are necessary to cover losses and make operations viable. The suspension of supplies led to a 7% fall in United Breweries' shares.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖