Siemens Limited agreed to Spin-Off Siemens Energy India Limited on May 14, 2024. Upon the Scheme becoming effective, in consideration of the demerger of the Energy Business, Siemens Energy India shall issue and allot on a proportionate basis to the shareholders of the Company whose names are recorded in the register of members and records of the depository as shareholders of the Company as on the Record Date. The equity shares of SEIL shall be listed and admitted to trading on BSE and NSE. The Proposed Transaction is, inter alia, subject to receipt of requisite approvals from statutory and regulatory authorities, including the approval from BSE Limited, National Stock Exchange of India Limited and the Securities and Exchange Board of India, the respective shareholders, creditors and National Company Law Tribunal. Siemens Limited board has approved the transaction. Siemens received no objection letter from National Stock Exchange of India Limited in relation to the Scheme. As of December 2, 2024, the shareholders of Siemens Limited approved the transaction. The demerger is expected to be completed in 2025. As of March 25, 2025, the Scheme has been sanctioned by the NCLT. Siemens Limited agreed to fix April 7, 2025, as the Record Date for the purpose of determining
the shareholders of the Company to whom equity shares of SEIL would be allotted.
Khaitan & Co. acted as a legal advisor and Axis Capital Limited provided the fairness opinion to Siemens Limited. Darshika Kothari, Sneha Nagvekar and Himanshoo Tembe of AZB & Partners acted as legal advisor to Siemens Energy Holding B.V.
Siemens Limited completed the Spin-Off of Siemens Energy India Limited on April 14, 2025.
Siemens Limited is one of the Indian's leading manufacturers of electronic and electro-technical equipment. Net sales (not including sold divisions) break down by sector of activity as follows:
- energy (36.1%): integrated products and services for oil and gas production, electricity generation and transmission, etc.;
- electricity transmission and distribution (30.7%): power transmission and distribution systems, electrical installations, miniature circuit breakers, distribution boards, residual current circuit breakers, etc.;
- industry automation (23,8%): industrial automation systems, drive systems, etc. The group also provides engineering, procurement, installation and commissioning of turnkey projects products in the industrial and infrastructure sectors;
- mobility (8.7%): rail vehicles, rail automation systems, rail electrification systems, road traffic management solutions, etc.;
- other (0.7%).
India accounts for 82.2% of net sales.
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