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Market Chatter: Diageo, Other Alcohol Makers Urge Indian State Telangana to Settle $337 Million in Past Dues
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Market Chatter: Diageo, Other Alcohol Makers Urge Indian State Telangana to Settle $337 Million in Past Dues
Nov 19, 2025 7:02 AM

09:13 AM EST, 11/19/2025 (MT Newswires) -- Diageo ( DEO ) and other alcohol makers, represented by industry groups, have asked the southern Indian state of Telangana to settle 29.85 billion rupees ($337 million) in late payments, Reuters reported Wednesday, citing a letter from the groups.

The pending dues date back to May of last year, and any further delays in settling them risk supply shortages and threatens business continuity, according to the letter sent to the state's government on Nov. 12.

Diageo ( DEO ) did not immediately reply to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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