CCI penalises UB in beer price-fixing case with a fine of Rs 750 crore

India’s antitrust watchdog on Friday imposed a penalty of Rs 750 crore ($102 million) on beer giant United Breweries and Rs 120 crore on Carlsberg India, besides passing a cease-and-desist order, in a case related to cartelisation of beer prices in the country.

migrator

Updated:25th Sep, 2021 at 12:59 AM

New Delhi

The Competition Commission of India (CCI) in 2018 raided the offices of the brewers and started an inquiry. The order casts a shadow on the brewers in a key growth market worth $7 billion.

CCI passed final order against United Breweries, SABMiller India and Carlsberg India for indulging in cartelisation in the sale and supply of beer in various States and Union Territories in India, including through the platform of All India Brewers’ Association.

Visit news.dtnext.in to explore our interactive epaper!

Download the DT Next app for more exciting features!

Click here for iOS

Click here for Android

CCI penalises UB in beer price-fixing case with a fine of Rs 750 crore

India’s antitrust watchdog on Friday imposed a penalty of Rs 750 crore ($102 million) on beer giant United Breweries and Rs 120 crore on Carlsberg India, besides passing a cease-and-desist order, in a case related to cartelisation of beer prices in the country.

Also Read

‘Kartavya Dwar’ sign removed after opposition; Stalin says ‘arrogance of dominance’ gone

It's official: Congress to contest 28 seats in TN Assembly polls, gets one Rajya Sabha seat

AIADMK'S Thambidurai and PMK's Anbumani set to become RS members

5 youths meet with accidents while chasing Vijay's convoy; DMK MP says 'not mark of true leadership'

80 killed in US strike on Iranian warship, Sri Lankan minister says