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Siemens successful in bid to increase stake in Siemens Ltd. India to 75 percent

As announced at the end of January 11, the company offered the shareholders of Siemens Ltd. INR930 per share, and is thereby investing a total of roughly €1 billion. Siemens’ offer was 28 percent above the closing share price on January 28, 2011 (INR728) and 20 percent above the minimum share price (INR772), as required by Indian regulations. 
The successful increase in the shareholding from 55.3 percent to 75 percent assumes that all shareholder offers are valid. The shares are traded on the National Stock Exchange of India Ltd. and the Bombay Stock Exchange Ltd. The public offer is being managed by HSBC Securities and Capital Markets (India) Private Ltd.
In fiscal 2010 (which ended September 30, 2010), Siemens Ltd. India generated revenue of more than INR90 billion (roughly €1.5 billion) and a profit from operations of about INR12 billion (about €200 million). In fiscal 2010, Siemens Ltd. had approximately 7,500 employees.

For this press release

 

Siemens AG Investor Relations
(Germany)
Tel.: +49 (89) 636-32474

 

Jai Bhatia, Sonam Jalan (India)
HSBC Securities and Capital Markets
Tel.: +91 (0) 222-268 1533/ 1264 / 1285

Contact

Monika Brücklmeier

Siemens AG Media Relations

Wittelsbacherplatz 2
80333 Munich
Germany

+49 (89) 636-34782