The Competition Commission of India (CCI) imposed monetary penalties of ₹223.48 crore on the Nasdaq-listed MakeMyTrip-Goibibo and ₹168.88 crore on OYO for indulging in anti-competitive conduct in the hotel segment of their business and thereby contravened the Competition law.
MakeMyTrip and Goibibo have been asked by the regulator to ensure fair and transparent access to hotels as well as to comply with various directions.
The 131-page order comes after the Competition Commission of India found the two platforms and OYO to have indulged in unfair business practices by way of anti-competitive agreements.
It is also the highest cumulative penalty imposed by CCI on entities in the digital space.
The regulator ordered a detailed investigation into the matter in October 2019 following a complaint by the Federation of Hotel & Restaurant Associations of India (FHRAI). Later, complaints from FabHotels and Treebo were clubbed.