TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
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.