Siemens completes acquisition of 99.2% stake in C&S Electric

Siemens

Siemens has closed the acquisition of C&S Electric after receiving the approval of Competition Commission of India on August 20, 2020 and the successful completion of further closing steps. Siemens acquired 99.22% (approximately) of C&S Electric Limited from its promoters for Rs 2,100 crore, as per company release.

At 14:39 hrs Siemens was quoting at Rs 1,912.05, up Rs 61.90, or 3.35 percent on the BSE.

News Source: Moneycontrol

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