- 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