India’s competition regulator said on Wednesday that it had fined online hotel-booking companies MakeMyTrip and Goibibo and IPO-bound hotel chain Oyo a combined $47 million for anti-competitive behaviour.
The Competition Commission of India (CCI) has been investigating the companies since 2019 following allegations by a hotel body that MakeMyTrip gave special treatment to SoftBank-backed Oyo on its platform.
Read More: India Orders Detailed Probe Against MakeMyTrip, Oyo
The CCI has directed MakeMyTrip and Goibibo (MMT-Go) to amend their market behaviour after fining them about $27 million. Oyo was fined $20 million.
In a statement issued late on Wednesday, OYO said it had received a copy of the CCI order and was reviewing it in detail.
“OYO believes that our business practices and conduct comply with all applicable laws and will take all…