The companies also used the All India Brewers Association (AIBA) as a common platform to decide collectively on prices; and the local group then lobbied on the companies' behalf for price increases, the CCI report found

Ab InBev latest news: A New Delhi tribunal has stayed the sales ban imposed on the products of Ab InBev in 2019. The world's largest brewer was denied from selling its products for 3 years in July 2019 over tax evasion charges. Here's for more

AB InBev, whose beers include Budweiser and Hoegaarden, is the second biggest player in India's USD 7 billion market, with a 17.5 per cent share, IWSR Drinks Market Analysis estimates

AB InBev, the world's largest brewer, whose Indian offerings include Budweiser and Corona, told it would not be appropriate to comment at this time, but said it takes anti-trust compliance \"very seriously\"

Officials have launched an investigation into the case after receiving a request from the city government, a move that could potentially lead to criminal charges

AB InBev, which counts popular beer brands such as Budweiser, Hoegaarden and Stella Artois in its portfolio, says it is contesting the allegations that date back to 2016, before its takeover of SABMiller

Authorities in New Delhi barred AB InBev in July from selling its beer in the New Delhi market on allegations of evading local state taxes. The company has denied the allegations

He has been with the world's biggest brewer for over 15 years and headed business operations in Europe. In India, he has led the company's growth across several brands, including Beck's Ice and Budweiser

India's capital city has banned the world's largest brewer, Anheuser-Busch InBev, from selling its products in the key New Delhi market for 3 years for allegedly evading local taxes, government orders seen by Reuters showed.

Anheuser-Busch InBev said on Friday it will not proceed with the planned listing in Hong Kong of its Asia Pacific unit, Budweiser Brewing Company APAC Ltd, in what would have been the world's biggest initial public offering (IPO) of 2019.

Beer start-ups are rising up to challenge legacy brands

Brewing giant Anheuser-Busch InBev NV (AB InBev) (ABI.BR) is seeking to raise up to $9.8 billion by listing its Asia-Pacific business in Hong Kong, marking what would be the world's largest initial public offering this year.

UBL has a dominant 40 percent plus share in the overall Rs 56,200 crore domestic market but has a lower 20 percent share in the premium beer segment.

Transportation app Ola has roped in former SAB Miller India Managing Director Shalabh Seth as the chief executive officer of Ola Fleet Technologies, its wholly owned leasing subsidiary.

While its two megabrands still control nearly 23 per cent of the $77 billion retail coffee market, the breakneck rise of JAB Holdings, which has bought nine rivals in four years to grab a 16 percent share, is pushing Nestle to innovate once more.

AIBA, an industry body of breweries operating in India, is also demanding a separate classification of beer from hard-drinks or spirits citing lesser alcohol content.

Of the total borrowings during the December, 2014, US $145.62 million was raised through approval route, while US $491.67 million came through automatic route.

The maker of Heineken and Amstel beers said it consulted with its majority shareholder and concluded that SABMiller's proposal was \"non-actionable\".

\"We have always maintained that we want to control the strategic direction of USL. Whilst our 28.78 per cent stake and the shareholding agreement in place with UBHL (United Breweries Holdings Ltd.) gives us control, we believe an increased direct shareholding will give us certainty of control,\" Mahlan said in an email response to Business Today.

The listing seeks to identify '100 fast growing and fast globalising companies from rapidly developing economies'.