Mergers & Acquisitions

Schneider Electric to Buy electrical and automation biz from L&T

Opportunity India Desk
Opportunity India Desk May 01, 2018 - 0 min read
Schneider Electric to Buy electrical and automation biz from L&T image
The deal includes Larsen’s associated subsidiaries outside the country.

Larsen & Toubro Ltd has agreed to sell its electrical and automation business to France-based Schneider Electric SE for Rs 14,000 crore ($2.1 billion).

India’s biggest engineering company in a stock-exchange filing said, the deal includes Larsen’s associated subsidiaries outside the country.

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