India regulator fines MakeMyTrip, Oyo for anti-competitive conduct

MakeMyTrip

19/10/2022 14:40

BENGALURU, Oct 19 (Reuters) - The Competition Commission
of India (CCI) has fined hotel-booking services MakeMyTrip Ltd
 MMYT.O  and Goibibo around $27 million, and IPO-bound hotel
chain Oyo $20 million for anti-competitive conduct, the
regulator said in an order on Thursday.
    The regulator has been investigating since 2019 allegations
that MakeMyTrip gives special treatment to SoftBank-backed
 9984.T  Oyo on its platform, following a complaint from the
Federation of Hotel and Restaurant Associations of India.
    The CCI has directed MakeMyTrip and Goibibo to amend its
market behaviour, the regulator said. 
 (Reporting by Chris Thomas in Bengaluru; Editing by Arun
Koyyur)
 ((chris.thomas@thomsonreuters.com; +91 80 6210 0487;))