The board of directors of Siemens Limited approved the proposal to demerge its energy business into a separate legal entity – Siemens Energy India Limited (currently a wholly-owned subsidiary of Siemens Limited). Siemens Energy will be subsequently listed and will mirror the shareholding of Siemens Limited, upon the receipt of requisite approvals. As per the scheme of arrangement, shareholders of Siemens Limited will receive one share of Siemens Energy for every share of Siemens Limited. The new entity will subsequently be listed on BSE Limited and National Stock Exchange of India Limited. The demerger will lead to the creation of two strong and independent entities, which are able to better address their respective markets and customers with a more focused approach. The process of demerger, including the receipt of requisite approvals, and subsequent listing of Siemens Energy India Limited is expected to be completed in 2025.
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