ASIAN PAINTS LTD. - 500820 - Intimation Pursuant To Regulation 30 Of The SEBI (Listing Obligations And Disclosures Requirements) Regulations, 2015
This is with reference to our earlier letter no. APL/SEC/15/569 dated 15 Jan, 2020 wherein the Company had informed that the Hon'ble Competition Commission of India (Commission) had passed a prima facie Order dated 14 Jan, 2020 directing the Director General to cause investigation against the Company, under the provisions of Section 26(1) of the Competition Act, 2002 (Act), basis information received from JSW Paints Private Limited. We wish to inform the following: 1. The Director General, pursuant to the directions of the Hon'ble Commission, investigated the matter and had submitted its Investigation Report; 2. The Commission heard both the parties at length on the Investigation Report and passed its Order dated 8 Sep, 2022; 3. In pursuance to the said Order, the Commission has noted that no case of contravention of provisions of Section 4 and Section 3(4) read with Section 3(1) of the Act is made out in the present case. This Order is available on the website of CCI08-09-2022