Maruti Suzuki India slips as CCI imposes penalty of Rs 200 crore
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Maruti Suzuki India is currently trading at Rs. 6784.10, down by 42.65 points or 0.62% from its previous closing of Rs. 6826.75 on the BSE.
The scrip opened at Rs. 6782.40 and has touched a high and low of Rs. 6852.65 and Rs. 6743.00 respectively. So far 17552 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 8400.00 on 13-Jan-2021 and a 52 week low of Rs. 6273.70 on 24-Sep-2020.
Last one week high and low of the scrip stood at Rs. 6943.25 and Rs. 6743.00 respectively. The current market cap of the company is Rs. 205248.30 crore.
The promoters holding in the company stood at 56.37%, while Institutions and Non-Institutions held 38.66% and 4.97% respectively.
Competition Commission of India (CCI) has imposed a penalty of Rs 200 crore on Maruti Suzuki India (MSIL). CCI has passed an order on August 23, 2021 for the alleged contravention of Section 3 of the Competition Act, 2002 against the Company in relation to implementing discount control policy vis-a-vis its dealers. The Company will take necessary steps under the law after examining the order fully.
Maruti Suzuki India (formerly known as Maruti Udyog) is an automobile manufacturer in India. It provides passenger cars, utility vehicles and vans. The firm also offers pre-owned car sales, fleet management and car financing services.
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