Siemens Limited has informed the Exchange regarding 'Press Release'.
SIEMENS · price
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Siemens Limited has shared a press release from its wholly owned subsidiary, Siemens Energy India Limited, announcing the constitution of its new Board of Directors following the demerger which became effective on March 25, 2025. Mr. Sunil Mathur (current MD & CEO of Siemens Limited) will be the Chairman, while Mr. Guilherme Mendonca and Mr. Harish Shekar have been appointed as MD & CEO and Executive Director & CFO respectively. Three Independent Directors and three Non-Executive Non-Independent Directors (including representatives from Siemens AG and Siemens Energy AG) have also been appointed. The listing of Siemens Energy India Limited is expected to be completed in CY 2025.
This announcement confirms the demerger of Siemens' energy business is complete, with the new entity on track for a separate stock exchange listing in 2025. Siemens Limited shareholders may benefit from potential value unlocking through the demerged entity's independent listing, while the parent company continues to hold 100% in the subsidiary for now.