India, June 3 -- iPhone maker Apple has agreed to submit the financial details of its India business to the Competition Commission of India (CCI).

The development comes after months of disagreement between the iPhone maker and the competition watchdog over the financial information required for the investigation. According to a Reuters report, Apple sought a final extension from the CCI during a hearing on May 21 and has now been given time until June 25 to furnish its India-specific financial data.

The financial information is expected to help the regulator assess any penalty to be levied on the company for violating competition laws.

The company had earlier resisted sharing financial information with the regulator, arguing that proce...