Schneider to buy stakes in Indian joint venture, to take full control
French industrial technology firm Schneider Electric SE is all set to acquire the remaining 35 percent stake in its Indian joint venture from Temasek Holdings. The deal is done at a valuation of 5.5 billion euros.
This all-cash deal will give Schneider full ownership of Schneider Electric India Pvt. Ltd. (SEIPL), subject to regulatory approvals.
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