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Siemens Limited ( (IN:SIEMENS) ) has issued an announcement.
Siemens Limited has announced a Scheme of Arrangement sanctioned by the National Company Law Tribunal, which involves the demerger of its Energy Business to Siemens Energy India Limited (SEIL). As part of this scheme, SEIL has issued equity shares to Siemens Limited’s shareholders, with the cost of acquisition apportioned between the two entities. This strategic move is expected to streamline operations and enhance focus on core business areas, potentially impacting shareholder value and market positioning.
More about Siemens Limited
Siemens Limited operates in the industrial manufacturing sector, focusing on automation, digitalization, and electrification solutions. The company is a key player in providing innovative technology solutions across various industries, with a significant market presence in India.
YTD Price Performance: -58.78%
Average Trading Volume: 30,039
Current Market Cap: 971.6B INR
For detailed information about SIEMENS stock, go to TipRanks’ Stock Analysis page.