Asian Paints Faces CCI Probe, Shares Dip 1%

  Published 1 year ago

India's Asian Paints faces CCI probe for anti-competitive practices, shares dip 1% as rivals Grasim gains.

  • CCI orders probe into Asian Paints for abusing dominance via dealer incentives and supplier coercion.
  • Asian Paints vows legal action; CLSA, Investec rate stock 'underperform' or 'sell'.
  • Grasim's favor in the CCI ruling could lower barriers for competitors, boosting industry scrutiny.

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