Siemens Aktiengesellschaft proposes to acquire 18% stake in Siemens Ltd

Siemens Aktiengesellschaft, based in Germany, has put forth a proposal to acquire an 18 per cent stake in Siemens Ltd from Siemens Energy Holding BV for a total consideration of Rs 18,928.33 crore. As outlined in a regulatory filing, the acquisition would involve 64,101,646 equity shares of Siemens Ltd, equivalent to 18 per cent of the company's equity share capital. Both Siemens Aktiengesellschaft and Siemens Energy Holding BV are promoters of Siemens Ltd.

The aggregate consideration for the equity acquisition is approximately Rs 18,928,33,02,196.77, translating to about Rs 2,952.86 per equity share. This transaction is part of an inter-se transfer of equity shareholding among the promoters of Siemens Ltd.

(With PTI inputs)