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Aug 31, 2020ACQUISITIONIndia

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

Schneider Electric India Private Limited completed the acquisition of Larsen & Toubro's electrical and automation business on a slump sale basis for an all-cash consideration of Rs 14,000 crore, with Temasek taking a 35% stake in the company to fund the acquisition.

Value

$1.90B (140.0B INR)

Status

Completed

Productselectrical equipmentautomation solutions

CompaniesLarsen & Toubro target Temasek Holdings investor Schneider Electric India Private Limited acquirer

Sectors#Electrical Equipment #Automation and Robotics

“SEIPL has brought in an investment partner, Temasek Holdings Ltd, Singapore, which has taken 35% stake in the company to fund the acquisition”crisil.com

1 source
crisil.comRating RationaleJan 7, 2021

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

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