Schneider Electric and Temasek acquire L&T's electrical and automation business for $2.1 bn

India's Competition Commission approved the acquisition of Larsen & Toubro's electrical and automation business by Schneider Electric and Temasek, with conditions including capacity reservation for third-party manufacturers and price freezes for five years.

“The third party competitors can take L&T products on a reasonable price for selling under their own brand, for a period of five years.”vccircle.com

• 1 source
• vccircle.comSchneider’s $2.1 bn Temasek-backed India deal gets CCI nod with ridersNarinder KapurJun 10, 2019

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