Schneider Electric and MacRitchie Investments propose acquisition of L&T's electrical and automation business

Schneider Electric India Private Limited and MacRitchie Investments Pvt. Ltd have proposed to acquire the electrical and automation business of Larsen & Toubro Limited, excluding the Marine and Servowatch businesses. The Competition Commission of India has invited public comments on the proposed acquisition.

“the proposed acquisition is likely to have an appreciable adverse effect on competition”theopenview.in

• 1 source
• theopenview.inCCI invites comments from public in respect of the proposed acquisition of the electrical and automation business of Larsen & Toubro Limited by Schneider Electric India Private Limited and MacRitchie Investments Pvt. Limited – THE OPEN VIEWParveen KumarNov 22, 2018

Summarized from public sources; check the original articles before acting on it.