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CURRENT AFFAIRS QUIZ - 2019
Which entity's electrical and automation (EA) business has acquired by Schneider Electric India Private Ltd and MacRitchie Investments?
A)
Mindtree
B)
Larsen & Toubro Limited (L&T)
C)
ITC Limited
D)
Hindustan Unilever

Correct Answer : Option (B) - Larsen & Toubro Limited (L&T)

Note : Statutory body of the Government of India, Competition Commission of India (CCI) approved the acquisition of Larsen & Toubro Limited (L&T)'s Electrical and Automation (EA) business by Schneider Electric India Private Limited and MacRitchie Investments Pte. Ltd.In order to eliminate the competition concerns, the Commission has ordered the acquirers to reserve a part of L&T's installed capacity to offer white labeling services to third-party competitors.The facility will be available in respect of five high market share LV (Low Voltage) switchgear, which is generally used together in LV panels.