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| Exchange Disseminated Time 18/11/2015 10:25:04 | Spicejet Ltd has informed BSE the following;
"This has reference to recent order dated November 17, 2015 of Competition Commission of India imposing penalties on various airlines, including SpiceJet Limited (the “Company”) for alleged concerted action in relation to cargo fuel surcharge. In this regard, we would like to clarify that the investigation conducted by the DG in the matter concluded that the airlines did not indulge in anti-competitive activities.
The Company is examining the order and shall be taking such steps, including challenging the order in appropriate forum as may be advised and deemed necessary to defend the Company's position." |
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