German conglomerate Siemens Aktiengesellschaft, promoter of Siemens, has offloaded about 47.7 per cent stake in the company, amounting to nearly Rs 18,237 crore, through open market transactions. Siemens Aktiengesellschaft is the parent company of Siemens, which is listed in India.
Siemens is a technology powerhouse that has stood for engineering excellence, innovation, quality and reliability. The company focuses on the areas of electrification, automation and digitalization.