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Thursday, June 6, 2019

CCI approves Schneider Electric India, MacRitchie's acquisition of L&T arm

The Ministry of Corporate Affairs, however, stated that the acquisition may lead to less competition in the market. Therefore, CCI has ordered the acquirers to reserve a part of L&T's installed capacity to offer white labelling services to third party competitors.

from India Infoline News Service http://bit.ly/2I11kzX

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