German MNC Siemens has announced plans to demerge its Indian unit, Siemens Ltd, in 2025. To accelerate the demerger process, Siemens AG will acquire an 18% stake in Siemens Ltd for €2.1 billion. The acquisition will increase Siemens’ stake in the Indian subsidiary from 51% to 69%, while Siemens Energy’s stake will decrease from 24% to 6%. The demerger aims to separate the business activities of Siemens in India.
Shares of Siemens Ltd. traded 0.58% higher while the BSE benchmark Sensex dropped 68.56 points. The stock’s high and low prices, trading volume, price-to-earnings ratio, price-to-book value, and shareholding details.
