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.
| Company Name | CMP |
|---|---|
| Larsen & Toubro | 4029.60 |
| Rail Vikas Nigam | 299.10 |
| NCC | 167.15 |
| KEC International | 570.05 |
| Kalpataru Projects | 1255.00 |
| View more.. | |
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