against an order of the Competition Commission of India which had imposed a penalty of Rs 187.48 crore on it for cartelisation.
"The Competition Appellate Tribunal, vide its order dated November 21, 2016 granted stay against the order of CCI imposing a condition that the company shall deposit 10 per cent of the penalty in the Registry of the Tribunal in the form of fixed deposits for six months from the date of its order," N Srinivasan led-India Cements Ltd said in a BSE notification today.
"The company is arranging to deposit the amount as aforesaid..," the city-based company said.
(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)
Get Breaking news, live coverage, and Latest News from India and around the world on NDTV.com. Catch all the Live TV action on NDTV 24x7 and NDTV India. Like us on Facebook or follow us on Twitter and Instagram for latest news and live news updates.