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  • 24 Dec 2021
  • ICICI Securities

United Breweries to pay penalty

UBL - 1494 Change: 3.90 (0.26 %)

News: The National Company Law Appellate Tribunal (NCLAT) has stayed Competition Commission of India (CCI)'s order imposing a penalty of | 752 crore on United Breweries (UBL).

Views: NCLAT has, however, stayed the order passed by the CCI upon a condition of pre-deposit of 10% of the penalty amount imposed on the company. UBL has agreed to this .

Impact: Neutral