Siemens Limited has informed the Exchange about Scheme of Arrangement - Apportionment of cost of acquisition of equity shares of Siemens Limited and Siemens Energy India Limited

Siemens Limited has told the stock exchange about a Scheme of Arrangement for apportioning the historical cost of acquiring shares of both Siemens Limited and Siemens Energy India Limited. This is a follow-up step to the earlier demerger/spin-off of Siemens Energy India from Siemens Limited, where the original acquisition cost paid by the parent (Siemens AG) needs to be split between the two listed entities. Such schemes are typically submitted to the National Company Law Tribunal (NCLT) for approval. The move is more of a tax and accounting-related compliance step rather than a new business transaction.