Swiss giant Holcim’s India units and more than a dozen other cement manufacturers colluded to raise prices and restrict supplies for years, which included regularly inspecting one another to ensure there was no breach of the agreements, according to a federal antitrust probe.

The investigations arm of the Competition Commission of India (CCI) has held top leadership – CEOs or Managing Directors – of Holcim units ACC and Ambuja, market leader UltraTech and 17 other firms such as Shree Cement and Dalmia Cement liable for antitrust violations.

The investigation report, issued last month and seen by Reuters, is the penultimate but most significant stage of the CCI probe that started in 2019. The report, which is not public, will now be reviewed by CCI’s top three officials who have powers to impose fines and will give companies a last chance to defend themselves.

3 Things to Know While Purchasing Flats in India? You are aware that realtors receive a commission when buying or selling a property, which is why some purchasers choose not to use them. The advantage of working with a reputable realtor is that you get the best deal and the entire buying process goes more smoothly. A reliable realtor can also determine the value of the home you have in mind. You could develop an emotional attachment to a home, but real estate agents view a lot of homes every day. Above all, you probably aren’t aware of the significant benefit of working with a reliable realtor. As a result, while buying BHK residential properties in India work with a reputable realtor and allow them to handle the entire process on your behalf.

The House Purchase Procedure Involves Contracts

You must sign various documents when purchasing any type of property, whether it be residential or commercial. The buyers feel there is no room for discussion because these documents are essential “contracts.” That is untrue. There is some wiggle room in those contracts. You do not need to sign those documents haphazardly. We think you should gather the materials, examine them, and then decide whether you agree or disagree with them. You can ask the realtor or developer for the same if you want to make any negotiations or adjustments.