India Fines United Breweries, Carlsberg Over Cartelization

India’s antitrust regulator asked United Breweries Ltd. to pay a fine of 7.5 billion rupees ($102 million) and Carlsberg India Pvt. to pay 1.2 billion rupees as it issued a verdict against three beer companies for indulging in cartelization in the sale and supply of beer in various states.

• The Competition Commission of India waived off the penalty on SABMiller India Ltd., since renamed as Anheuser Busch InBev India Ltd., as AB InBev “provided irrefutable evidentiary proof of existence of cartel conduct”, helping the regulator act against rule violations
• The penalties are to be deposited within 60 days of the ...