Shares of Siemens Ltd fell 2.49% to ₹5,118.00 on Thursday as investors turned cautious ahead of the company’s demerger of its energy business. Friday, April 5, marks the last session under the T+1 settlement cycle for investors to qualify for receiving shares in Siemens Energy India, under a 1:1 demerger ratio.
The ex-date and record date coincide, which means the stock price will adjust to reflect the demerger from April 5. Siemens Energy India shares will be issued at a 1:1 ratio to existing Siemens shareholders, and during a special pre-open session, a constant price will be discovered and subtracted from Siemens India’s price to reflect the spin-off.
The demerger received NCLT approval on March 26 and follows Siemens AG’s global restructuring. Market experts expect the new entity to be listed within 30–90 days post the record date.
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