The company said the new entity will be listed later and will reflect the shareholding of Siemens Ltd upon receiving the necessary approvals.
According to the scheme of arrangement, shareholders of Siemens Limited will receive one share of Siemens Energy India Limited for every one share of Siemens Limited. According to a statement from the company, the new entity will later be listed on BSE Limited (National Stock Exchange of India Limited).
According to a company statement, the merger will create two stronger and independent entities that will be able to better address their respective markets and customers with a more focused approach.
Sunil Mathur, Managing Director and Chief Executive Officer, Siemens Limited, said: “Siemens Energy India Limited and Siemens Limited, two independent, publicly listed companies, will chart new paths. The demerger bot will enable companies to pursue their specific strategies, focus on their core portfolio and decide on capital allocation. “This will unlock the full value of each business for the benefit of shareholders.”
The demerger process, including obtaining necessary approvals for the subsequent listing of Siemens Energy India Limited, is expected to be completed in 2025.
According to the scheme of arrangement, shareholders of Siemens Limited will receive one share of Siemens Energy India Limited for every one share of Siemens Limited. According to a statement from the company, the new entity will later be listed on BSE Limited (National Stock Exchange of India Limited).
According to a company statement, the merger will create two stronger and independent entities that will be able to better address their respective markets and customers with a more focused approach.
Sunil Mathur, Managing Director and Chief Executive Officer, Siemens Limited, said: “Siemens Energy India Limited and Siemens Limited, two independent, publicly listed companies, will chart new paths. The demerger bot will enable companies to pursue their specific strategies, focus on their core portfolio and decide on capital allocation. “This will unlock the full value of each business for the benefit of shareholders.”
The demerger process, including obtaining necessary approvals for the subsequent listing of Siemens Energy India Limited, is expected to be completed in 2025.