Siemens has entered into a Share Subscription and Shareholders Agreement for the subscription of 26% of the paid-up equity share capital of Sunsole Renewables, Mumbai, India, subject to fulfilment of conditions precedent as agreed between the parties. The acquisition is proposed to be completed by September 2022 and is subject to fulfillment of conditions precedents as agreed between the parties.
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.
