Schneider Electric SE is set to acquire a 35% stake held by Temasek in Schneider Electric India Private Limited for an all-cash consideration of $6.4 billion.
AZB & Partners is advising Schneider Electric on this acquisition.
The transaction team consists of Ashwath Rau (Senior Partner), Jasmin Karkhanis (Partner), Dishti Kaji (Senior Associate), Aakshay Amesur (Senior Associate) and Prankul Boobana (Associate).
Khaitan & Co advised Temasek on its stake sale and exit from Schneider Electric India.
JSA Advocates & Solicitors is advising Schneider Electric on the competition law aspects of the transaction.
The transaction team consists of Nisha Kaur Uberoi (Partner & Chair - Competition Law Practice), Pranav Satyam (Parnter), Sarthak Pande (Principal Associate), Shivangi Chawla (Senior Associate), Samriddha Gooptu (Senior Associate), Ishan Arora (Senior Associate) and Associates Akanksha Mathur, Mehar Singh Dang, Aditya Prakash, Naman Katyal, Meghaa G, Cherian Chacko Manayath, Ashmeka K and Mayank Gandhi.
Schneider Electric India was 65% owned by the French company, and the balance was held by Temasek post the joint acquisition of the electrical and automation business of L&T.
Schneider Electric SE is committed to support India’s future expansion through its unique setup in India, which is Schneider Electric’s third largest market and one of its four hubs.
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