March 27, 2025
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Siemens India separates energy business
(20 second reading) NCLT has given its approval for the demerger of the Siemens and Siemens Energy India Ltd.
The equity allotment ratio for this demerger has been fixed as 1:1, which means that Siemens shareholders will receive one equity share each of Siemens Energy India for every one share that the own as of the record date.
The record date to determine the allotment eligibility has been fixed as April 7, 2025. Appointed date for the demerger is March 1, 2025 and the demerger is effective from March 25.
Siemens Energy India will be listed on the stock exchanges separately. The company said this will lead to value unlocking.
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