Siemens shares

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

Market Movers: Antony Waste spikes 20% on big order; PSP Projects sees buying post record Q4

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Market Movers: Antony Waste spikes 20% on big order; PSP Projects sees buying post record Q4

NEW DELHI: Siemens on Friday said it is selling its Large Drives Applications (LDA) business to one of the subsidiary of the promoter at a cash consideration of Rs 440 crore. The business contributes 3.33 per cent of the company’s revenue. Siemens AG, promoter of the company, intends to purchase the LDA Business of Siemens, … Read more