Brief: India's CCI Reduces Penalty On Eveready, Indo National, Panasonic Energy India

Eveready Industries India

19/04/2018 14:30

April 19 (Reuters) - Competition Commission Of India:
    * PASSED FINAL ORDER IMPOSING PENALTY ON THREE LEADING
INDIAN
ZINC-CARBON DRY CELL BATTERY MANUFACTURERS
    * IMPOSED PENALTY ON EVEREADY, INDO NATIONAL, PANASONIC
ENERGY
INDIA, ASSOCIATION AIDCM FOR COLLUDING TO FIX PRICES OF
ZINC-CARBON DRY CELL BATTERY
    * REDUCED PENALTY IMPOSED UPON PANASONIC, EVEREADY AND NIPPO
BY
100 PERCENT, 30 PERCENT AND 20 PERCENT RESPECTIVELY
    * PURSUANT TO REDUCTION, PENALTY IMPOSED ON EVEREADY WAS
1.72
BILLION RUPEES, 422.6 MILLION RUPEES ON INDO NATIONAL AND NO
PENALTY WAS IMPOSED ON PANASONIC

Source text: http://bit.ly/2HCJsfe
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