InvestorQ : Why has the CCI imposed huge penalties on United Breweries?
prachi Patwardhan made post

Why has the CCI imposed huge penalties on United Breweries?

Answer
image
sara Kunju answered.
3 months ago
Follow

The Competition Commission of India has imposed total penalties of Rs.873 crore on United Breweries Ltd, Carlsberg India and others for cartelisation in the sale and supply of beer in the Indian market. This follows a detailed 4 year probe into the selling practices of the major breweries in India. These entities have also been directed by the CCI to "cease and desist" from such anti-competitive practices in the future.

The total fin imposed on United Breweries is Rs.752 crore while the imposition on Carlsberg, the Danish beer company, is Rs.121 crore. Other penalties are relatively much smaller. The companies have not commented but said that they were legally review the order and would response accordingly. Evidence of price coordinate was noticed in Andhra Pradesh, Karnataka, Maharashtra, Odisha, Rajasthan, West Bengal and the NCR region.

0 Views