Brief: Gillette India - Anti-Profiteering Authority Asks Co To Deposit Profiteered Amount In Consumer Welfare Funds

Gillette India

26/11/2020 13:51

Nov 26 (Reuters) - Gillette India Ltd  GILE.NS :
    * GILLETTE INDIA - NATIONAL ANTI-PROFITEERING AUTHORITY
ALLEGES CO
PROFITEERED TO TUNE OF 579.9 MILLION RUPEES
    * GILLETTE INDIA LTD - DIRECTS COMPANY TO DEPOSIT
PROFITEERED
AMOUNT WITH INTEREST IN CONSUMER WELFARE FUNDS
    * GILLETTE INDIA LTD - COMPANY IS REVIEWING SAID ORDER AND
WILL
TAKE APPROPRIATE STEPS IN DUE COURSE
    * GILLETTE INDIA LTD - CO HAS PASSED ON NET BENEFIT OF
REDUCED GST
RATES TO ITS RECIPIENTS AND HAS NOT PROFITEERED FROM IT

Source text for Eikon:  ID:nBSE4T4yld 
Further company coverage:  GILE.NS 

 ((Reuters.Briefs@thomsonreuters.com;))