{"id":27121,"date":"2020-08-21T06:13:45","date_gmt":"2020-08-21T06:13:45","guid":{"rendered":"https:\/\/www.gkseries.com\/blog\/?p=27121"},"modified":"2020-08-21T06:13:47","modified_gmt":"2020-08-21T06:13:47","slug":"cci-approves-proposed-acquisition-of-cs-electric-limited","status":"publish","type":"post","link":"https:\/\/www.gkseries.com\/blog\/cci-approves-proposed-acquisition-of-cs-electric-limited\/","title":{"rendered":"CCI approves proposed acquisition of C&amp;S Electric Limited"},"content":{"rendered":"\n<p>The Competition Commission of India (CCI) approves proposed acquisition of C&amp;S Electric Limited by Siemens Limited. The proposed combination envisages acquisition of 100% of the share capital of C&amp;S Electric Limited (C&amp;S) by Siemens Limited (Siemens India).<\/p>\n\n\n\n<p><a href=\"https:\/\/www.gkseries.com\/blog\/current-affairs-quiz-2019-daily-gk\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Daily Current Affairs Quiz 2020<\/strong><\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Key-Points<\/strong><\/h2>\n\n\n\n<p>At the time of closing of the proposed combination, the scope of business of C&amp;S shall include low-voltage (LV) switchgear components and panels, LV and medium voltage (MV) power busbars as well as protection and metering devices of C&amp;S.<\/p>\n\n\n\n<p>Certain other businesses of C&amp;S, such as MV switchgear and package sub-station, lighting, diesel generating sets, engineering, procurement and construction business and the \u201cEtacom\u201d busbars business will be retained by the existing promoters of C&amp;S.<\/p>\n\n\n\n<p>Siemens India focuses on the areas of power generation and distribution, intelligent infrastructure for buildings and distributed energy systems, and automation and digitalization in the process and manufacturing industries.<\/p>\n\n\n\n<p>It also supplies smart mobility solutions for rail and road transport and infrastructure solutions for Smart Cities.<\/p>\n\n\n\n<p>C&amp;S manufactures a range of electrical switchgear, power protection andelectrical distribution products.<\/p>\n\n\n\n<p>C&amp;S also has an electrical contracting business which performs turnkeysolutions for industrial and commercial electrification, substations andpower plants.<\/p>\n\n\n\n<p>In addition, C&amp;S is also engaged in the design and executionof grid connected solar photo-voltaic power plants.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Competition Commission of India (CCI) approves proposed acquisition of C&amp;S Electric Limited by Siemens Limited. The proposed combination envisages acquisition of 100% of the share capital of C&amp;S Electric Limited (C&amp;S) by Siemens Limited (Siemens India). Daily Current Affairs Quiz 2020 Key-Points At the time of closing of the proposed combination, the scope of [&hellip;]<\/p>\n","protected":false},"author":404,"featured_media":27122,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[1248],"tags":[582],"class_list":["post-27121","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-current-affairs-august-2020","tag-competition-commission-of-india"],"_links":{"self":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/27121","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/users\/404"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/comments?post=27121"}],"version-history":[{"count":1,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/27121\/revisions"}],"predecessor-version":[{"id":27123,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/27121\/revisions\/27123"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media\/27122"}],"wp:attachment":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media?parent=27121"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/categories?post=27121"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/tags?post=27121"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}