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India tribunal halts Lafarge India sale

Reuters  |  MUMBAI 

MUMBAI (Reuters) - The Competition Appellate Tribunal (CAT) has halted the sale of Lafarge India after an appeal by a rival, delaying the merger of Lafarge and Holcim's Indian operations.The tribual stayed a February order by antitrust watchdog Competition Commission of India (CCI) allowing the sale of Lafarge India until the next hearing on May 9, according to an order posted on the tribunal's website.The CCI's order was challenged by Dalmia Cement (Bharat) Ltd, which the tribunal said had been "aggrieved" by the order, without elaborating. A spokeswoman for Dalmia Bharat declined to ...

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First Published: Thu, April 14 2016. 12:45 IST
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