India, Aug. 1 -- Schneider Electric will acquire the remaining 35% stake in its Indian subsidiary, Schneider Electric India Pvt Ltd (SEIPL), from Singapore's Temasek Holdings in an all-cash deal valued at €5.5 billion (approximately Rs.55,880 crore), the French industrial technology major said on Wednesday.

The transaction, which is subject to regulatory approvals including from the Competition Commission of India, is expected to close in the coming quarters, ET Energy reported.

Upon completion, Schneider Electric will have full ownership of SEIPL.

He added that the company will also leverage India's strengths in R&D, digital and supply chain capabilities to serve the wider Asia-Pacific region and beyond.

SEIPL posted statutory ...