Antitrust Antitrust

Indian antitrust agency raids cement giants and cement industry association

By Freny Patel
  • 11 Dec 2020 05:22
  • 11 Dec 2020 05:22
The Competition Commission of India has raided several leading cement companies including LafargeHolcim's Indian subsidiaries ACC and Ambuja Cements, UltraTech Cement, Dalmia Cement, Shree Cement, and Rockstrong Cement.

The Cement Manufacturers Association of India was also raided. The raids are believed to involve alleged anti-competitive behavior.

“It appears that it’s a cartel investigation

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Freny Patel


Freny has been covering antitrust law, M&A and regulations for over a decade, serving as Asia editor at Policy and Regulatory Report. Prior to joining as an editor at Mergermarket, she headed the banking bureau of a leading Indian financial daily, Business Standard. When India privatized the insurance sector, she had her own column in The Observer.

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