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

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 3924.50
Kalpataru Projects 1315.65
NCC 117.50
Rail Vikas Nigam 185.05
KEC International 314.20
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