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ENDATAST Engineering and Temasek are establishing a joint venture freighter leasing company, aiming to build a portfolio of aircraft valued at around $600 million within five years.
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.
Schneider Electric completed the transaction to combine its Low Voltage and Industrial Automation business in India with Larsen & Toubro's Electrical & Automation business. The combined entity, Schneider Electric India Private Limited, is 65% owned by Schneider Electric and 35% by Temasek. Anil Chaudhry is appointed CEO.
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 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.
Blackstone Group and Temasek Holdings are in talks to buy a 15-20% stake in Wonder Cement for Rs 10 billion. The funds would be used to increase capacity from 6.75 mtpa to 11 mtpa by FY2019.
Schneider Electric, in a consortium with Temasek Holdings, has agreed to acquire Larsen & Toubro's electrical and automation business for INR 140 billion in cash. Schneider will hold 65% and Temasek 35% in a newly formed entity.
Schneider Electric, in a consortium with Temasek Holdings, has entered into a definitive agreement to acquire Larsen & Toubro's electrical & automation business for ₹14,000 crore. Schneider will hold 65% and Temasek 35% in the acquiring entity.
Schneider Electric announced it has finalized the acquisition of ASCO Power Technologies, a leader in Automatic Transfer Switches, enhancing its EcoStruxure Power Platform.