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May, 01 2018

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

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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