JaiprakashAssociates - Disclosure Under Regulation 30(4) Of SEBI (LODR) Regulation, 2015
20/08/2019 19:56
This is to inform you that Competition Commission of India (CCI) in terms of an Order in case No.99 of 2014 has held that the Company enjoys dominant position in the relevant market of 'provision of services for development and sale of independent residential/dwelling units in Integrated Townships in the territory of Noida and Greater Noida' and thus is in contravention of provisions of Section 4(2)(a)(i) of the CCI Act.

CCI vide Order dated 9th August, 2019 has imposed a penalty of Rs.13.82 crores @ 5% of the relevant turnover earned by the Company from the relevant market during the financial years from 2009-10 to 2011-12.

The Company is in the process of filing an appeal against the Order.

This is for your information, please.