Schneider Electric to take full ownership of India unit
Schneider Electric has announced it will acquire the remaining 35 per cent stake in its Indian joint venture from Temasek for €5.5 billion (approximately USD 6.4 billion), aiming for complete control of its operations in India. The deal will give Schneider Electric full ownership of Schneider Electric India Private Limited (SEIPL). The company expects the move to accelerate local decision-making in what it calls its third-largest market. Schneider said the transaction aligns with its strategy…