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The stock of Ambuja Cements declined 2.96 per cent to Rs 245.40 during the day and ACC dipped 2.24 per cent to Rs 1,619.05 on the BSE.
“The Competition Commission of India (CCI) has initiated an investigation against cement companies in India including ACC regarding alleged anti-competitive behaviour,” ACC Ltd said in a regulatory filing.
ACC said it is of the firm view that it has acted and continues to act in compliance with competition laws and we are fully cooperating with the investigation and providing all necessary information to the authorities.
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