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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.

Larsen & Toubro Share Price

4042.70 -25.75 (-0.63%)
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Company Name CMP
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