Friday, March 29, 2024
News

Competition Commission of India penalises 3 beer companies for indulging in cartelisation

   SocialTwist Tell-a-Friend    Print this Page   COMMENT

New Delhi | September 25, 2021 6:46:03 AM IST
The Competition Commission of India (CCI) has passed a final order against three beer companies for indulging in the cartelisation of sale and supply of beer in various States and Union Territories in India, including through the platform of All India Brewers' Association (AIBA), informed the Ministry of Corporate Affairs on Friday.

The three beer companies include the United Breweries Limited (UBL), SABMiller India Limited (now renamed as Anheuser Busch InBev India Ltd. after being acquired by Anheuser Busch InBev SA/NV) (AB InBev) and Carlsberg India Private Limited (CIPL).

"Giving the benefit of reduction in penalty under the provisions of Section 46 of the Act of 100 per cent to AB InBev and its individuals, 40 per cent to UBL and its individuals and 20 per cent to CIPL and its individuals. The CCI directed UBL and CIPL to pay penalties of approx. Rs 750 crore and Rs 120 crore respectively, besides passing a cease-and-desist order," reads the release by the ministry. (ANI)

 
  LATEST COMMENTS ()
POST YOUR COMMENT
Comments Not Available
 
POST YOUR COMMENT
 
 
TRENDING TOPICS
 
 
CITY NEWS
MORE CITIES
 
 
INDIA WORLD ASIA
Chennai: Three dead after false ceiling ...
Union Minister Gajendra Shekhawat meets ...
Jailed gangster-turned-politician Mukhta...
Eknath Shinde's Shiv Sena releases first...
'Three parties have allied directly...':...
Uttar Pradesh: Security tightened in Ali...
More...    
 
 Top Stories
No change of guard ceremony on Marc... 
"Brutal policy of killing, dumping ... 
Andhra Pradesh: Railway Protection ... 
Earthquake of 4.6 magnitude jolts A... 
Telangana: Fire breaks out at dump ... 
EAM Jaishankar shares glimpse from ... 
"My father was being given slow poi... 
South Africa's former President Jac...