CCI approves acquisition of EA business of L&T by Schneider and MacRitchie

Larsen & Toubro Ltd. | Engineering - Construction | Construction & Infrastructure | BSE: 500510 | NSE: LT

07 Jun 2019 Evaluate

The Competition Commission of India (CCI) has published the order approving the acquisition of electrical and automation (EA) business of Larsen & Toubro (L&T) by Schneider Electric India (Schneider) and MacRitchie Investments (MacRitchie).

The approval is subject to modifications that are aimed at eliminating the likely anti-competitive effects of the proposed acquisition.

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	3860.00
Kalpataru Projects	1456.75
NCC	136.95
Rail Vikas Nigam	210.30
KEC International	402.50
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