siemens energy

Siemens Ltd Demerger: Siemens AG to buy Siemens Energy’s stake for €2.1 billion

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Siemens Ltd Demerger: Siemens AG to buy Siemens Energy’s stake for €2.1 billion

NEW DELHI: German MNC Siemens on Wednesday announced plans to complete the demerger of its Indian unit Siemens Ltd in 2025, significantly earlier than previously planned. To accelerate the demerger plan, Siemens AG said it will acquire 18% stake in Siemens Ltd India for a purchase price of €2.1 billion from Siemens Energy. “This would … Read more

Azad Engineering files Rs 740-cr IPO papers with Sebi

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Azad Engineering files Rs 740-cr IPO papers with Sebi

Azad Engineering Ltd has filed draft papers with capital markets regulator Sebi to raise Rs 740 crore through an initial public offering (IPO). The company’s IPO comprises a fresh issue of up to Rs 240 crore and an offer-for-sale (OFS) of equity shares aggregating up to Rs 500 crore by a promoter and investors, according … Read more