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Jul 12, 2012, 08.23 AM IST

Shares of tyre companies down on potential CCI ruling

Shares of tyre manufacturers fell after R Prasad, a member of Competition Commision of India, told CNBC-TV18 that a probe on tyre companies was underway and an order was likely in the next 10 days.

Source: Reuters
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Shares of tyre companies down on potential CCI ruling
 Shares of tyre manufacturers fell after R Prasad, a member of Competition Commision of India (CCI), told CNBC-TV18 that a probe on tyre companies was underway and an order was likely in the next 10 days.


Shares in Apollo Tyres CEAT fell 1.8%.


Eleven cement companies were slapped with USD 1.1 billion in fines on June 22 for price fixing, a record penalty from India's increasingly assertive anti-trust regulator.


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Tags: tyre manufacturers , R Prasad, Competition Commision of India, Apollo Tyres, CEAT
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