iifl-logo

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

Schneider Electric Set to Relist Indian Arm on MSEI Following Sebi Directive

12 Dec 2023 , 01:55 PM

Schneider Electric is preparing to relist its Indian subsidiary on the Metropolitan Stock Exchange of India (MSEI) after nearly six years of delisting, in compliance with Sebi’s directive.

Earlier this year, Securities Appellate Tribunal (SAT) accepted the withdrawal application of Schneider Electric, directing the company to either re-list or de-list within six months. Schneider Electric chose to re-list.

This case arose in 2019 when shareholders and regional stock exchanges (RSE) approached SAT due to perceived poor treatment of their complaint by Sebi. Subsequently, Sebi instructed Schneider to either list on exchanges or offer an exit opportunity to existing shareholders.

Schneider shares were initially listed on Bangalore and Pune stock exchanges, which closed down as per Sebi’s order requiring exclusively listed companies on RSEs to seek listing on national-level stock exchanges.

Schneider Electric specializes in building automation, security, installation systems, power monitoring, critical power, and cooling services across various sectors.

The company operates 30 active factories in India, including five smart factories located in Hyderabad, Bengaluru, and Chennai.

In October, Schneider’s Indian arm announced plans to expand its battery manufacturing scope, focusing on advancements in battery technologies and chemistries, actively researching future battery technologies and evaluating suitable options in terms of segment and chemistry.

For feedback and suggestions, write to us at editorial@iifl.com

 

Related Tags

  • Schneider Electric
  • Schneider Electric news
  • Schneider Electric share price
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

Knowledge Center
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Capital Services Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Loading...

Follow us on

facebooktwitterrssyoutubeinstagramlinkedintelegram

2025, IIFL Capital Services Ltd. All Rights Reserved

ATTENTION INVESTORS

RISK DISCLOSURE ON DERIVATIVES

Copyright © IIFL Capital Services Limited (Formerly known as IIFL Securities Ltd). All rights Reserved.

IIFL Securities Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)

ISO certification icon
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.