2020
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Who approved 100% proposed acquisition of C & S Electric Limited by Siemens Limited?
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CCI
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RBI
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TPDL
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Reliance
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Explanation:
Detailed explanation-1: -The Competition Commission of India has approved the proposed acquisition of C&S Electric Limited by Siemens Limited. The proposed combination envisages acquisition of 100% of the share capital of C&S Electric Limited (C&S) by Siemens Limited (Siemens India).
Detailed explanation-2: -Siemens envisions the acquisition to pave the way for the establishment of a design and manufacturing hub in India, supporting the export of electrification solutions to fast-developing markets around the world.
Detailed explanation-3: -Siemens completes the acquisition of C&S Electric in India.
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