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    HomeNewsBusinessMarketsShares of tyre companies down on potential CCI ruling

    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.

    June 28, 2012 / 16:42 IST

     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 Tyresfell 1.6%, while CEATfell 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.

    first published: Jun 28, 2012 04:36 pm

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