L&T divests E&A business to Schneider Electric for Rs 14,000 cr

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Engineering conglomerate Larsen & Toubro (L&T) on Monday announced completion of the sale of its electrical and automation (E&A) business to Schneider Electric. The deal was first announced in May 2018. Valued at Rs 14,000 crore, it is one of L&T's biggest divestment so far in value terms.

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