CCI imposes Rs 302 cr penalty on Grasim Industries, Retail News, ET Retail

New Delhi: The Opposition Commission has slapped a penalty of Rs 302 crore on Grasim Industries for abusing its dominant posture with regard to provide of a certain staple fibre to spinners.

Aside from, the business has been directed to “cease and desist” from indulging in anti-competitive techniques as perfectly as put in location a transparent “discount policy” for all the market participants.

In a sixty-web page buy, the Opposition Commission of India (CCI) reported the business has abused its dominant posture in the market for provide of VSF to spinners in India by charging discriminatory charges to its consumers, other than imposing supplementary obligations on them.

These are in violation of opposition norms, it included.

VSF is Viscose Staple Fibre (VSF) and is made as perfectly as offered by Grasim Industries.

“Whilst the business is but to acquire the buy of the CCI, it thinks that on merits it

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