Siemens India acquires 99.22% stake in C&S Electric

Siemens Limited (India) has completed the acquisition of a 99.22% stake in C&S Electric India from its former promoters for approximately Rs 2,100 crores (EUR 267 million). The deal closed on March 1, 2021.

“Siemens has acquired 99.22 per cent stake of 'C & S Electric India' from its former promoters for approximately Rs 2100 crores (approximately EUR 267 million).”business-standard.com

• 1 source
• business-standard.comFormer founders and promoters of C & S Electric India to grow and transform their retained businesses under Trimaster Group bannerANI Press ReleaseMar 2, 2021

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