Divestment1 Jun 2026, 08:57 am
Siemens Ltd completes ₹22 Billion sale of Low Voltage Motors business
AI Summary
Siemens Ltd has completed the sale and transfer of its Low Voltage Motors and Geared Motors business to Innomotics India Private Limited for a cash consideration of ₹22 billion. The transaction was executed on a slump sale basis, with the consideration being subject to adjustments as per the slump sale agreement. The trading window was closed from May 30, 2026, to June 3, 2026.
Key Highlights
- Siemens Ltd sells Low Voltage Motors business to Innomotics India for ₹22 billion.
- The sale was completed on June 1, 2026, on a slump sale basis.
- Cash consideration is subject to adjustments as per the agreement.
- Trading window closed from May 30 to June 3, 2026.
Price Impact
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