Current Affairs - Business - Discussion

Discussion :: Business - Latest Current Affairs (Q.No.252)


Which entity's electrical and automation (EA) business has acquired by Schneider Electric India Private Ltd and MacRitchie Investments?

[A]. Mindtree
[B]. Hindustan Unilever
[C]. ITC Limited
[D]. Larsen & Toubro Limited (L&T)

Answer: Option D


Statutory body of the Government of India, Competition Commission of India (CCI) approved the acquisition of Larsen & Toubro Limited (L&T)'s Electrical and Automation (EA) business by Schneider Electric India Private Limited and MacRitchie Investments Pte. Ltd.In order to eliminate the competition concerns, the Commission has ordered the acquirers to reserve a part of L&T's installed capacity to offer white labeling services to third-party competitors.The facility will be available in respect of five high market share LV (Low Voltage) switchgear, which is generally used together in LV panels.

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