Nitish Kumar set to ban liquor in Bihar from April 2016

PATNA: Bihar will be a dry state from April 1 next year after chief minister Nitish Kumar announced on Thursday a complete ban on the sale of alcohol, keeping a promise he made prior to the recent assembly polls.

Kumar’s announcement spooked the stock market as shares of liquor companies plunged as much as 8% during the day’s trading. Shares of United Spirits settled at Rs 3,211.45 on the BSE, down 4.74%, while Radico Khaitan’s tumbled 6.92% to close at Rs 114.25.

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