India's antitrust body raided some offices of alcohol firms Pernod Ricard and Anheuser-Busch InBev as it investigates accusations of price collusion with retailers in a southern state, persons familiar with the matter said.
Wednesday's surprise raids by Competition Commission of India (CCI) targeted offices in Hyderabad, and some retailers in nearby Telangana state, five persons said, in one of the biggest industry crackdowns.
Sources spoke seeking anonymity as they were not authorized to speak to the media.
This story is from the December 20, 2024 edition of Mint Bangalore.
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This story is from the December 20, 2024 edition of Mint Bangalore.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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