The United Breweries Group has put pressure on fellow Indian brewer Mohan Meakin to drop its sale price, according to reports.

Speaking to shareholders at the group's AGM last week, UB chairman Vijay Mallya reportedly said that the company will not buy Mohan at the price the company is seeking.

The future of Mohan Meakin, since the company's steady decline in market share to less than 8%, has caused intense takeover speculation.

Since January, InBev, Heineken, Anheuser-Busch and SABMiller have each expressed an interest, with SABMiller thought to be the clear frontrunner.