SHREE CEMENT LTD. - Order of Competition Appellate Tribunal (COMPAT)

Shree Cement Ltd has informed BSE that Competition Appellate Tribunal (COMPAT) has by its order dated December 11, 2015 set aside order dated July 30, 2012 passed by the Competition Commission of India (CCI) of alleged cartelization.<BR><BR>COMPAT by its order has remitted the matter to CCI for fresh adjudication in the matter. Further, in terms of the order, COMPAT has stated that the Company shall be entitled to withdraw the amount deposited by it in compliance with the COMPAT interim order.