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The Competition Commission of India approved the slump sale of Siemens Limited's low voltage motor business to Innomotics India Private Limited, part of KPS Capital Partners.
“Competition Commission of India has approved the proposed combination pertaining to the slump sale of the low voltage motor business of Siemens Limited (Target Business) by Innomotics India Private Limited (Acquirer).”pib.gov.in
Summarized from public sources; check the original articles before acting on it.