CCI gives green signal for acquisition of L&T’s electrical & automation business by Schneider
22nd Apr 2019

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.