Schneider Electric acquires L&T's electrical and automation business in India

The Competition Commission of India granted conditional approval for Schneider Electric India to acquire L&T's electrical and automation business via slump sale, and for MacRitchie Investments to acquire 35% shareholding in Schneider Electric India.

“The Competition Commission of India (CCI) recently published its order granting a conditional approval to the combination between Larsen & Toubro Limited (L&T), Schneider Electric India Private Limited (SEIPL) and MacRitchie Investments Pte. Ltd.”lexology.com

• 2 sources
• lexology.comCCI Concludes its 8th Phase II Investigation with Behavioral Commitments in the Combination of Larsen & Toubro and Schneider - LexologyAnisha Chand, Anmol AwasthiJun 7, 2019
• lexology.comCCI concludes its 8th phase II investigation with behavioral commitments in the combination of larsen & toubro and schneider - LexologyAnisha Chand, Anmol AwasthiJun 7, 2019

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