Which entity's electrical and automation (EA) business has acquired by Schneider Electric India Private Ltd and MacRitchie Investments?

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.