April 20, 2018 / 4:36 AM / a month ago

BUZZ-India's Eveready hits near 6-month low after battery pricing penalty

** Shares of battery maker Eveready Industries India Ltd plunge as much as 10.6 pct to 328 rupees - their lowest since October 2017

** Post biggest intraday pct loss since early November 2016 and on track to lose for a sixth straight session

** Competition Commission of India (CCI) on Thursday passed its final order here#.WtiWw32b2TA.twitter imposing penalty on Zinc-Carbon dry cell battery makers that included Eveready for "colluding to fix prices" of zinc-carbon dry cell battery in India

** CCI imposed a fine of 1.72 billion rupees ($26.05 million) on Eveready

** Stock has fallen nearly 17 pct this year up to Thursday

** Eveready was not immediately available for comment ($1 = 66.0350 Indian rupees)

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