Schneider Electric Infrastructure Clarifies On India Stake Sale Buzz

Schneider Electric Infrastructure Ltd. on Thursday clarified that media reports about Schneider Electric SE planning to acquire the remaining stake in its Indian joint venture, Schneider Electric India Pvt. Ltd., from Temasek Holdings Pte, do not relate to its own operations.

The company said the news pertains to Schneider Electric India, a separate entity. Both Schneider Electric India and Schneider Electric Infrastructure are subsidiaries of the French parent, Schneider Electric SE.