Siemens has completed the listing of its energy business in India under the name Siemens Energy India Limited on both BSE Limited and the National Stock Exchange of India. The demerger establishes two independent companies: Siemens Limited India and Siemens Energy India Limited, each with a distinct focus on core activities, strategy and capital allocation.
This move follows a November 2023 agreement between Siemens and Siemens Energy to accelerate the separation of business operations within the Indian subsidiary. Siemens Energy is expected to take a controlling stake in Siemens Energy India Limited, subject to regulatory approval. Currently, Siemens holds 69 percent of Siemens Energy India, while Siemens Energy holds 6 percent. The remaining shares are publicly traded.
