Schneider Electric eyes $1 billion Temasek stake
Schneider Electric is looking to buy out Temasek's 35% stake in their Indian joint venture for about $1 billion, putting the whole company's value near $5 billion.
Talks are still ongoing, so nothing's final yet—but if it happens, Schneider would fully own the business.
JV merges Schneider's units with L&T's electrical business
The joint venture was set up in 2020 by merging Schneider's India units with Larsen & Toubro's electrical business.
While Temasek is exploring options like selling to Schneider, other investors, or even an IPO, Schneider seems keen on a direct purchase.
India's M&A activity is on the rise
India's mergers and acquisitions scene is buzzing—deal volume jumped 16% last year.
Even if Temasek exits here, they're not leaving India; they're planning to invest up to $10 billion more over the next three years in digital tech, green energy, and healthcare.
So if you're interested in big money moves or India's growth story, this one's worth a look.