India raids ad giants GroupM, Dentsu and broadcasters body over price collusion, sources say

Interpublic of Companies

18/03/2025 09:13

By Aditya Kalra and Munsif Vengattil

NEW DELHI, March 18 (Reuters) - The Indian antitrust body has raided the offices of many global advertising giants, including GroupM, Dentsu and Interpublic Group, and a broadcasters' industry group over alleged price collusion, people with direct knowledge told Reuters on Tuesday.

Officers of the Competition Commission of India searched around 10 locations after it initiated a case against the agencies and top broadcasters over allegedly fixing ad rates and discounts, said one of the sources.

Three other sources with direct knowledge confirmed the names of the entities being raided.

The raids were being carried out in Mumbai, New Delhi and Gurugram, the first source said.

Reuters was first to report the enforcement action and details of the antitrust case involving the media agencies.

Spokespersons for GroupM, Interpublic's IPG Mediabrands unit, and Dentsu did not respond to requests for comment.

The Indian Broadcasting and Digital Foundation also did not respond, and neither did the competition commission, which does not make public the details of its enforcement action or cases related to price collusion.

WPP-owned WPP.L GroupM is the world's largest media buying agency.

The Indian Broadcasting foundation represents top domestic broadcasters, including billionaire Mukesh Ambani's Reliance-Disney joint venture and Sony and Zee Entertainment ZEE.NS.

Reuters was first to report the enforcement action and details of the antitrust case involving the media agencies.

 (Reporting by Aditya Kalra and Munsif Vengattil; Editing by Bernadette Baum)

 ((Email: aditya.kalra@tr.com; X: @adityakalra;))