{"id":369077,"date":"2020-08-21T11:20:58","date_gmt":"2020-08-21T05:50:58","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=369077"},"modified":"2020-08-21T11:20:58","modified_gmt":"2020-08-21T05:50:58","slug":"cci-approves-proposed-acquisition-of-cs-electric-by-siemens","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/cci-approves-proposed-acquisition-of-cs-electric-by-siemens\/","title":{"rendered":"CCI approves proposed acquisition of C&amp;S Electric by Siemens"},"content":{"rendered":"<p>Fair trade regulator CCI on Thursday said it has given nod to the proposed acquisition of C&amp;S Electric by Siemens.<br \/>\nAs per a statement issued by Siemens in January, it had inked an agreement to acquire 99 per cent equity in New Delhi-based C&amp;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 \u201capproves proposed acquisition of C&amp;S Electric by Siemens.\u201d<\/p>\n<p>As per the agreement signed between the two firms, Siemens will acquire Indian operations of C&amp;S Electric\u2019s 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":"<p>Fair trade regulator CCI on Thursday said it has given nod to the proposed acquisition of C&amp;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&amp;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 \u201capproves proposed acquisition of C&amp;S Electric by Siemens.\u201d As per the agreement signed between the two firms, Siemens will acquire Indian operations of C&amp;S Electric\u2019s low-voltage switchgear components and panels, low and medium-voltage [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,240,138],"tags":[],"class_list":["post-369077","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-financial-express","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/369077","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\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=369077"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/369077\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=369077"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=369077"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=369077"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}