The maker of Kingfisher beer said this is an "interim decision" taken in the "interest of consumers, workers and stakeholders".
The Telangana government has refused to raise beer prices despite demands from beer manufacturers. In December 2024, Chief Minister Revanth Reddy rejected the request for a price increase of at least Rs 10 per bottle.
The maker of Kingfisher beer said it took this decision because TGBCL has not revised the basic price of its beer since 2019-2020
According to block deal data available with the stock exchanges, ICICI Bank purchased a total of 19,58,000 shares, amounting to 0.74 percent stake of United Breweries.
Nokia, BlackBerry and Samsung are all victims of product line-extensions