L&T seals USD 2.1 billion deal to sell electrical unit to Schneider

MUMBAI: India’s Larsen & Toubro has agreed to sell its electrical and automation business to Schneider Electric SE for 140 billion rupees ($2.11 billion) in cash, it said on Tuesday. The deal, part of L&T’s plan to sell its non-core units, covers all segments of its electrical and automation business except …