Fair trade regulator Competition Commission of India (CCI) on Thursday said it approved the proposed acquisition of C&S Electric by Siemens. <\/p>\n
As per a statement issued by Siemens in January, it had inked an agreement to acquire 99 per cent equity in New Delhi-based C&S Electric for around Rs 2,100 crore. <\/p>\n
Giving nod to the deal, the Competition Commission of India (CCI) said in a tweet that it “approves proposed acquisition of C&S Electric by Siemens.” <\/p>\n
As per the agreement signed between the two firms, Siemens will acquire Indian operations of C&S Electric’s low-voltage switchgear components and panels, low and medium-voltage power busbars as well as protection and metering devices businesses.<\/p>\n","protected":false},"excerpt":{"rendered":"
Fair trade regulator Competition Commission of India (CCI) on Thursday said it approved the proposed acquisition of C&S Electric by Siemens. As per a statement issued by Siemens in January, it had inked an agreement to acquire 99 per cent equity in New Delhi-based C&S Electric for around Rs 2,100 crore. Giving nod to the deal, the Competition Commission of India (CCI) said in a tweet that it “approves proposed acquisition of C&S Electric by Siemens.” As per the agreement signed between the two firms, Siemens will acquire Indian operations of C&S Electric’s low-voltage switchgear components and panels, low and […]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,232],"tags":[],"class_list":["post-368972","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-power-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/368972","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=368972"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/368972\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=368972"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=368972"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=368972"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}