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CCI gives green signal for acquisition of L&T’s electrical & automation business by Schneider

22 Apr 2019 Evaluate

The Competition Commission of India (CCI) has given its approval for acquisition of electrical and automation business of Larsen & Toubro (L&T) by Schneider and MacRitchie. However, the deal is subject to compliance of certain modifications.

L&T is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services with over $18 billion in revenue.

Peers
Company Name CMP
Larsen & Toubro 3699.10
Kalpataru Projects 1393.45
NCC 125.10
Rail Vikas Nigam 190.50
KEC International 369.70
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