India's antitrust body has raided some offices of alcohol giants Pernod Ricard and Anheuser-Busch InBev as it investigates accusations of price collusion with retailers in a southern state, sources familiar with the matter said.

Reuters reported on Thursday that some of the offices of two major alcohol distributors, Pernod Ricard and Anheuser-Busch InBev, were raided by the Competition Commission of India. Per Reuters, an anonymous source shared that Indian antitrust organization raided offices in Hyderabad and shops in Telangana state.

India's antitrust body, the Competition Commission of India (CCI), raided the offices of alcohol giants Pernod Ricard and Anheuser-Busch InBev in Hyderabad, as well as some retailers in Telangana, over allegations of price collusion with retailers.

In a major liquor industry crackdown, the Competition Commission of India (CCI) conducted raids at the offices of alcohol giants Pernod Ricard and Anheuser-Busch InBev (AB InBev) in Hyderabad, alongside several retailers in Telangana,

CCI action against liquor giants; Liquor companies and retailers in Telangana have been accused of entering into cartel-like agreements to manipulate prices and market shares

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