# 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.

- Type: Acquisition
- Announced: 2021-03-01
- Where: India
- Value: $287.0M (21.0B INR)
- Status: completed
- Products: low voltage switchgear, busbar systems, electrical equipment
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Siemens Limited (India)](https://endata.com/companies/53595.md) (acquirer)
- [C&S Electric India](https://endata.com/companies/53596.md) (target)

## Sources

- [business-standard.com](https://www.business-standard.com/content/press-releases-ani/former-founders-and-promoters-of-c-s-electric-india-to-grow-and-transform-their-retained-businesses-under-trimaster-group-banner-121030200585_1.html), 2021-03-02: "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)."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.