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Shreyans Industries confirms raid amid probe into alleged paper mills cartel in India

( November 13, 2025, 05:44 GMT | Official Statement) -- MLex Summary: Shreyans Industries has confirmed that officials from the Indian antitrust watchdog visited its Delhi office on Tuesday in connection with a "certain investigation." The paper manufacturer "provided its complete support and cooperation to" the Competition Commission of India throughout their investigation, according to an announcement issued to the stock exchanges. "This cooperation is part of our commitment to strict regulatory compliance and full corporate transparency," Shreyans Industries said. The announcement followed a news report that some paper mills across the states of Maharashtra, Punjab, Uttar Pradesh and New Delhi had been raided by the CCI for alleged price collusion in the supply of paper.Statement from Shreyans Industries attached: ...

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