The Competition Commission of India (CCI) fined Intel Corporation INR 27.38 crores.
The regulator penalized the company's 'India Specific Warranty Policy' for Boxed Microprocessors. The CCI ruled the policy discriminatory and in violation of competition laws.
Intel's policy restricted warranties to processors purchased from authorized Indian distributors. The CCI found this practice unfairly limited consumer choice compared to Intel's regional policies elsewhere.
Institutional investors including Cibc World Market Inc. disclosed increased stakes in Intel.