Siemens AG is set to acquire an 18 percent stake in Siemens India for a substantial 2.1 billion euros, approximately valued at Rs 3,380 per share, reports CNBC TV-18. The acquisition will involve purchasing the stake from Siemens Energy.
In response to this significant development, shares of Siemens experienced a notable surge, climbing around 3 percent. As of 12:23 pm, Siemens shares were trading 2.02 percent higher at ₹3,487.05 on the NSE.
Currently holding a 47.7 percent stake in Siemens India, Siemens AG’s ownership will see a substantial increase to nearly 66 percent post this acquisition. Meanwhile, Siemens Energy, which presently holds a 24 percent stake, will witness a reduction to 6 percent. It’s important to note that Siemens Energy operates as a subsidiary of Siemens AG.
In addition to the stake acquisition, Siemens Energy has proposed a demerger of Siemens India’s energy business. The firm is also actively seeking to secure a controlling stake in the demerged energy business, signaling strategic moves within the Siemens conglomerate.
