Clarification17 Jul 2025, 12:22 pm
Schneider Electric Infrastructure Clarifies No Involvement in $1 Billion Acquisition Talks
AI Summary
Schneider Electric Infrastructure Ltd has issued a clarification regarding a news item that appeared on www.moneycontrol.com dated July 16, 2025. The clarification was sought by the exchanges on the same day regarding the news item about Schneider Electric in talks to acquire Temasek’s stake in an Indian JV for $1 billion. However, the company has clarified that the article in question pertains to another entity within the Schneider Group, Schneider Electric India Private Limited (SEIPL), and does not involve Schneider Electric Infrastructure Limited (SEIL). Both SEIPL and SEIL are subsidiaries of the Ultimate Holding Company — SE France.
Key Highlights
- Schneider Electric Infrastructure Ltd has clarified its non-involvement in the $1 billion acquisition talks
- The news item in question pertains to another entity within the Schneider Group, Schneider Electric India Private Limited (SEIPL)
- Schneider Electric Infrastructure Ltd (SEIL) is not part of the acquisition talks
- SEIL and SEIPL are both subsidiaries of the Ultimate Holding Company — SE France