Schneider Electric to buy L&T unit for Rs.140 bn
Schneider Electric has reportedly entered into an agreement with Larsen & Toubro to buy its electrical and automation business for an all-cash consideration of Rs 140 bn. Under the proposed deal, both partners will make fresh investments in Schneider's wholly -owned subsidiary, Schneider India, which in turn will buy out L& T Electrical & Automation.
With this, India will become the key innovation and manufacturing hub of Schneider.
Contact: Kanwaljeet KUKREJA
Address: Schneider Electric India Pvt. Ltd. ,
9th Floor, DLF Building No. 10, Tower C,
DLF Cyber City, Phase II,
Gurgaon - 122002
F: 0124-4222 036
Website : www.schneider-electric.co.in