Siemens Energy India To list On BSE, NSE From Thursday

Siemens Ltd. on Wednesday said its wholly-owned subsidiary, Siemens Energy India Ltd., has received approval from the BSE and National Stock Exchange for listing and trading of its equity shares from Thursday, according to an exchange filing.

In May 2024, the board of Siemens had approved the demerger of its energy business into Siemens Energy India. The move was aimed at creating a separate listed entity that mirrors the shareholding of Siemens Ltd. Shareholders of Siemens will receive one share of Siemens Energy India for every share held in the parent company.

In March, the Mumbai bench of the National Company Law Tribunal cleared the demerger. “We observe that no adverse comments have been made regarding the state of affairs of the transferor company,” the tribunal had noted.