Categories: Business

CCI approves proposed acquisition of C&S Electric by Siemens

The proposed acquisition of C&S Electric Limited by Siemens Limited has received the approval of the Competition Commission of India (CCI). The proposed combination envisions acquisition of 100% of the share capital of C&S Electric Limited (C&S) by Siemens Limited (Siemens India).

Boost your General Awareness Knowledge with Adda247 Live Batch: TARGET GA BATCH | SBI Clerk Mains & RBI Assistant Mains Exams

Siemens India supplies smart mobility solutions for rail as well as road transport, including infrastructure solutions for Smart Cities. It focuses on the areas of power generation and distribution along with intelligent infrastructure for buildings and distributed energy systems. While, C&S Electric Limited is engaged in the manufacturing of a range of electrical switchgear, power protection and electrical distribution products. It is also indulged in electrical contracting business which performs turn key solutions for industrial and commercial electrification, substations and power plants.

Important takeaways for all competitive exams:

Chairperson of Competition Commission of India: Ashok Kumar Gupta.

Find More Business News Here

Sumit Arora

As a team lead and current affairs writer at Adda247, my role involves researching and creating informative and engaging content aimed at helping candidates prepare for national and state-level competitive government exams. I specialize in delivering insightful articles that keep aspirants updated on the latest current affairs trends and developments. My primary focus is on educational excellence, ensuring that our readers are well-prepared and informed to face their exams with confidence. Through meticulously crafted content, I aim to guide and support candidates in their journey toward success.