India antitrust body raids cement giants UltraTech, LafargeHolcim: Report


India's antitrust body on Wednesday conducted raids at offices of UltraTech Cement and two subsidiaries of the world's largest cement maker LafargeHolcim, two sources close to the matter told Reuters.

Swiss-based LafargeHolcim in a statement to Reuters confirmed officials visited the Mumbai offices of ACC and Ambuja Cements and said the companies were fully cooperating with the authorities, but could not comment further as the matter is ongoing. Several officers of the Competition Commission of India (CCI) were involved in.....

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