India, Dec. 9 -- The Competition Commission of India has approved the proposed acquisition of certain stake in Schneider Electric India Private Limited(SEIPL/Target 1) and Schneider Electric JV Holdings 2 Pte. Ltd. (SEJV2/Target 2) respectively by Schneider Electric SE (Schenider/Acquirer) from the MacRitchie Investments Pte. Ltd (Seller)The 'Proposed Combination' envisages -Schneider's proposed acquisition of 35% stake in SEIPL (Proposed SEIPL Transaction)Schneider's (through Schneider Electric South East Asia (HQ) Pte. Ltd.) proposed acquisition of 35% stake in SEJV2 (Proposed SEJV2 Transaction)The Acquirer is a company incorporated under the laws of France and is governed by European Council Regulation (EC) No. 2157/2001 of 08th October ...