Schneider and Temasek invest 14,000 crores to buy L&T’s low voltage switchgear business in furtherance of Make in India project..Schneider will own 65% of the unit after purchase, while Temasek will control 35% of the company..AZB & Partners advised Schneider and Temasek on their acquisition (through Schneider India) of the electrical and automation assets of L&T both in India and overseas..AZB also advised Schneider on the restructuring of their India Business and on Temasek’s investment into Schneider India and Khaitan & Co advised Temasek on this leg..Trilegal advised both Schneider and Temasek on competition law aspect. The Trilegal team was led by Partner and Head of Competition Practice Nisha Kaur Uberoi along with Partner Soumya Hariharan, Senior Associate Nandita Sahai, and Associates Atreyee Sarkar, Ankita Gulati, Nandini Pahari, Saksham Dhingra, Shiv Johar and Harshita Parmar..The AZB team was led by Partner Ashwath Rau along with Partner Dhruv Singhal, Senior Associate Pranav Atit and Jasmin Karkhanis, Associates John Raghav and Priyanka Butani..The Khaitan team was led by Partners Aakash Choubey and Abhishek Sinha, along with Counsel Tarunya Krishnan, Principal Associate, Radhika Agarwal and Associates, Srikanth Mantravdi, Rohan Srivasatava and Praneetha Vasan..Shardul Amarchand Mangaldas acted for L&T. The Corporate team was led by Partner Iqbal Khan along with Counsel Arka Banerjee and Senior Associate Faraz Khan and Associate Tanvee Vasudevan..The Competition team was led by Partners Shweta Shroff Chopra and Aparna Mehra, Gauri Chhabra along with Senior Associate Ritwik Bhattacharya and Associates Neetu Ahlawat, Kajori De and Aakarkshi Aggarwal and in-house Senior Economist Saattvic. Partner Ashoo Gupta advised on Real Estate aspect while Partner Mukul Baveja advised on IP law..Image is taken from here.
Schneider and Temasek invest 14,000 crores to buy L&T’s low voltage switchgear business in furtherance of Make in India project..Schneider will own 65% of the unit after purchase, while Temasek will control 35% of the company..AZB & Partners advised Schneider and Temasek on their acquisition (through Schneider India) of the electrical and automation assets of L&T both in India and overseas..AZB also advised Schneider on the restructuring of their India Business and on Temasek’s investment into Schneider India and Khaitan & Co advised Temasek on this leg..Trilegal advised both Schneider and Temasek on competition law aspect. The Trilegal team was led by Partner and Head of Competition Practice Nisha Kaur Uberoi along with Partner Soumya Hariharan, Senior Associate Nandita Sahai, and Associates Atreyee Sarkar, Ankita Gulati, Nandini Pahari, Saksham Dhingra, Shiv Johar and Harshita Parmar..The AZB team was led by Partner Ashwath Rau along with Partner Dhruv Singhal, Senior Associate Pranav Atit and Jasmin Karkhanis, Associates John Raghav and Priyanka Butani..The Khaitan team was led by Partners Aakash Choubey and Abhishek Sinha, along with Counsel Tarunya Krishnan, Principal Associate, Radhika Agarwal and Associates, Srikanth Mantravdi, Rohan Srivasatava and Praneetha Vasan..Shardul Amarchand Mangaldas acted for L&T. The Corporate team was led by Partner Iqbal Khan along with Counsel Arka Banerjee and Senior Associate Faraz Khan and Associate Tanvee Vasudevan..The Competition team was led by Partners Shweta Shroff Chopra and Aparna Mehra, Gauri Chhabra along with Senior Associate Ritwik Bhattacharya and Associates Neetu Ahlawat, Kajori De and Aakarkshi Aggarwal and in-house Senior Economist Saattvic. Partner Ashoo Gupta advised on Real Estate aspect while Partner Mukul Baveja advised on IP law..Image is taken from here.
