India's populous Bihar state spooks brewers with alcohol ban talk


  • World
  • Thursday, 26 Nov 2015

MUMBAI (Reuters) - India's eastern state of Bihar sent shares in breweries and liquor firms down as much as 10 percent on Thursday after the country's third-most populous state said it was considering a ban on alcohol, prompting concerns that others could follow.

Chief Minister Nitish Kumar, who was re-elected this month after his anti-government alliance defeated Prime Minister Narendra Modi's Bharatiya Janata Party (BJP), told reporters the ban could come in effect from early next year.

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