The Competition Commission of India (“CCI”), vide Press Release No.: 88/2025–26,[1] dated December 09, 2025, has approved the proposed acquisition of certain equity stakes by Schneider Electric SE (“Schneider” or “Acquirer”) from MacRitchie Investments Pte. Ltd. (“Seller”) in 2 (two) Schneider group entities.
Details of the Proposed Combination
The approved transaction comprises the following:
- Acquisition of 35% (thirty five percent) stake in Schneider Electric India Private Limited (“SEIPL”) by Schneider; and
- Acquisition of 35% (thirty five percent) stake in Schneider Electric JV Holdings 2 Pte. Ltd. (“SEJV2”) by Schneider, through its wholly owned subsidiary, Schneider Electric South East Asia (HQ) Pte. Ltd.
Parties Involved
- Acquirer, is a company incorporated in France and governed by European Council Regulation (EC) No. 2157/2001. Schneider is engaged globally in energy management and automation solutions, with operations spanning over 100 (hundred) countries, including India.
- SEIPL, is an Indian company operating in energy management and automation solutions. SEIPL was already under the full operational and management control of Schneider prior to the proposed transaction.
- SEJV2, is a private limited company incorporated in Singapore, forming part of Schneider’s global corporate structures.
[1] https://www.cci.gov.in/media-gallery/press-release/details/596/0