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Siemens gets nod to incorporate subsidiary to execute demerger of energy business

19 Dec 2023 Evaluate

Siemens’ board has approved the incorporation of a wholly-owned subsidiary in India to execute a proposed demerger process of its energy business. Certain promoters -- namely Siemens Aktiengesellschaft, Germany, Siemens International Holding BV and Siemens Energy Holding BV, and also its ultimate parent company Siemens Energy Aktiengesellschaft have each requested the board of directors (BoD) of the Siemens to consider, evaluate and thereafter, start taking exploratory steps towards a potential demerger of its energy business into a separate entity. 

The BoD, at its meeting held on December 18, 2023, authorised the management to commence exploratory steps as may be required to examine a potential demerger of its energy business.

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.

Siemens Share Price

3766.25 56.65 (1.53%)
21-Apr-2026 11:08 View Price Chart
Peers
Company Name CMP
Havells India 1330.00
Siemens 3766.25
Apar Inds 12133.00
ABB India 7262.50
Waaree Energies 3537.00
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