Siemens has completed the acquisition of 99.22% equity shares of C&S Electric from its promoters, for consideration of Rs 2,100 crore on a cash free / debt free basis on terms and conditions that are mutually agreed between the parties to the transaction. The Competition Commission of India (CCI) had given its approval for the deal on August 20, 2020.
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.
