Asian Paints Ltd.

BSE: 500820 | NSE: ASIANPAINT
Large Cap | Paints
2739.15
-3.45 (-0.13%)
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CCI orders probe against Asian Paints

Date: 16-01-2020

The Competition Commission of India (CCI) has ordered a probe against Asian Paints for allegedly hindering the entry of JSW Paints by virtue of its dominance in the market for manufacture and sale of decorative paints. The order came after JSW Paints filed a complaint alleging that Asian Paints threatened various dealers in Karnataka, Telangana and Tamil Nadu from dealing with JSW Paints.

Asian Paints is engaged in the business of manufacturing, selling and distribution of paints, coatings, products related to home decor, bath fittings and providing of related services. The Company's business segments are Paints and Home Improvement.