Business Standard

L&T says talks with Schneider still on


Amid news reports suggesting Schneider Electric’s proposal to buy Larsen & Toubro’s (L&T) electrical business, L&T has said talks with Schneider is still on. AM Naik, non-executive chairman, L&T, said, “It is a long-drawn process, therefore talks are on, but nobody can say what will happen at the end.”

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