Siemens Ltd subsidiary C&S Electric to become wholly owned

Siemens Ltd announced that the National Company Law Tribunal (NCLT) has approved the reduction of 343,948 equity shares in its subsidiary, C&S Electric Limited. This reduction represents 0.78% of C&S Electric's total equity share capital. Following the completion of this capital reduction, C&S Electric will become a wholly owned subsidiary of Siemens Ltd, as Siemens currently holds 99.22% of its equity. The company will undertake necessary regulatory steps to implement the NCLT's order.