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Schneider Electric seeks to buy Temasek's stake in their Indian joint venture for about $1 billion.
Schneider Electric, a French company, is reportedly in talks to buy the 35% stake in its Indian joint venture held by Temasek for about $1 billion, potentially taking full ownership of the venture.
This deal, if successful, would boost Schneider's operations and growth potential in the Indian market.
The move comes amid growing M&A activity in India, with deals reaching $31 billion this year, up 16% from last year.
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Schneider Electric busca comprar la participación de Temasek en su empresa conjunta india por alrededor de $ 1 mil millones.