India raids Jindal Saw, Maharashtra Seamless in antitrust case, sources say

India's antitrust inspectors have conducted surprise raids at steel pipe makers Jindal SAW and Maharashtra Seamless in an alleged case of bid rigging, two people with direct knowledge of the matter said on Tuesday. The raids were conducted at offices of Jindal SAW and Maharashtra Seamless in and around New Delhi on Monday, and the search operation has now concluded, the two sources said. Reuters is first to report the antitrust raids, details of which are kept confidential in line with Competition Commission of India (CCI) rules.