Schneider Electric's acquisition of L&T's Electrical and Automation business approved by CCI

The Competition Commission of India approved the Rs. 14,000 crore acquisition of Larsen & Toubro's Electrical and Automation business by Schneider Electric India and MacRitchie Investments (Temasek), subject to modifications.

“The proposed Rs. 14,000 crore acquisition of Larsen & Toubro Limited’s Electrical and Automation business by Schneider Electric India Private Limited and MacRitchie Investments Pte. Ltd. has been approved by the Competition Commission of India.”legaleraonline.com

• 2 sources
• legaleraonline.comSchneider Electric’s acquisition of Larsen & Toubro’s Electrical and Automation business approved by CCI subject to modificationsLaw Firm Shardul Amarchand Mangaldas, Co.Apr 19, 2019
• azbpartners.comCCI Approves the Acquisition of Larsen & Turbo’s Electrical and Automation Business by Schneider Electric India Private Limited and MacRitchie Investments Pte. Limited with Modifications - azbJul 5, 2019

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