Siemens Limited has informed the Exchange about Receipt of certified copy of order of the Hon ble National Company Law Tribunal, Mumbai Bench sanctioning the Scheme of Arrangement between Siemens Limited and Siemens Energy India Limited and their respective shareholders and creditors.
SIEMENS · price
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The Mumbai Bench of the National Company Law Tribunal (NCLT) has sanctioned the Scheme of Arrangement between Siemens Limited and Siemens Energy India Limited, covering their respective shareholders and creditors. This is a key regulatory milestone that clears the way for the separation of Siemens' energy business into a distinct entity. Once the scheme becomes effective, Siemens Energy India Limited is expected to operate as a separate listed company. The order has now been formally received, marking one of the final steps before the scheme's effective date.
Existing Siemens Limited shareholders will likely receive shares in the newly separated Siemens Energy India Limited in proportion to their current holding, effectively unlocking the standalone value of the energy business. This restructuring could lead to re-rating and improved operational focus for both entities post-listing.