The offer from Siemens is 28 percent above the closing price of January 28, 2011 of INR728 and 20 percent above the minimum offer price of INR772 required by Indian regulations. Pending regulatory approvals, the offer is expected to open on March 25, 2011 and close on April 13, 2011. The shares are traded on the National Stock Exchange of India Ltd. and the Bombay Stock Exchange Ltd. The public offer will be managed by HSBC Securities and Capital Markets Private Ltd.
In fiscal 2010 (which ended September 30, 2010), Siemens Ltd. India achieved a revenue of more than INR 90 billion (roughly €1.5 billion) and a profit from operations of about INR 12 billion (about €200 million). In fiscal 2010, Siemens Ltd. had approximately 7,500 employees.