Schneider Electric SE is set to acquire the remaining 35% stake in Schneider Electric India Private Limited (SEIPL) from Temasek for an all-cash consideration of approximately USD 6.4 billion.

On 10 December 2025, the Competition Commission of India (CCI) granted unconditional approval for the proposed transaction. This approval was secured through a Form II (long-form) merger notification, filed solely on behalf of the acquirer.

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The acquisition strengthens Schneider Electric’s fully integrated presence in India—currently the company’s third-largest global market and one of its four strategic hubs.

CCI cleared the transaction unconditionally within 88 days, in line with statutory timelines for complex combinations.

Parties Involved

• Acquirer: Schneider Electric SE

• Target: 35% stake in Schneider Electric India Pvt. Ltd. held by Temasek

• Competition Law Counsel: JSA Advocates & Solicitors

• Corporate Counsel: AZB & Partners and WongPartnership

• Economic Advisors: Dr. R.K.S. (Shyam) Khemani and Nexdigm

Legal Advisory

JSA — Sole Competition Law Counsel to Schneider Electric

JSA represented Schneider Electric before the Competition Commission of India and handled:

• Preparation and filing of the Form II merger notification

• Competition assessment and market analysis

• Engagement with CCI during the review process

• Coordination with economic experts and global counsel

JSA Competition Law Team

• Nisha Kaur Uberoi, Partner & Chair – Competition Law Practice (Lead)

• Pranav Satyam, Partner

• Sarthak Pande, Principal Associate

• Shivangi Chawla, Senior Associate

• Ishan Arora, Senior Associate

• Samriddha Gooptu, Senior Associate

• Akanksha Mathur, Associate

• Mehar Singh Dang, Associate

• Aditya Prakash, Associate

• Naman Katyal, Associate

• Rohan Bhargava, Associate

• Meghaa G, Associate

• Cherian Chacko Manayath, Associate

• Ashmeka K, Associate

• Mayank Gandhi, Associate

AZB & Partners and WongPartnership — Corporate Counsel

Both AZB & Partners (India) and WongPartnership (Singapore) advised Schneider Electric on:

• Corporate law aspects

• Transaction documentation

• Structuring considerations relating to the acquisition

Other Advisors

• Dr. R.K.S. (Shyam) Khemani — economic advisory

• Nexdigm — financial and advisory support

Strategic Significance

For Schneider Electric

• Consolidates 100% ownership of SEIPL

• Enhances operational integration in a priority growth market

• Reinforces India as one of its core hubs for manufacturing, R&D, digitisation and electrification initiatives

For the Market

• Represents one of the largest control acquisitions in India’s industrial sector

• Demonstrates continued CCI efficiency in assessing complex global combinations

• Signals deepening foreign investment interest in India’s energy management and automation sectors

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Disclaimer

This article is for informational purposes only and does not constitute legal or financial advice. Readers should consult professionals before making decisions