{"id":324398,"date":"2020-01-28T11:10:39","date_gmt":"2020-01-28T05:40:39","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=324398"},"modified":"2020-01-28T11:49:36","modified_gmt":"2020-01-28T06:19:36","slug":"siemens-to-acquire-cs-electric-for-%e2%82%b92100-cr","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/siemens-to-acquire-cs-electric-for-%e2%82%b92100-cr\/","title":{"rendered":"Siemens to acquire C&amp;S Electric for \u20b92,100 cr"},"content":{"rendered":"<p>Siemens has signed an agreement to acquire New Delhi-based C&amp;S Electric Ltd, a leading provider of electrical and electronic equipment, for \u20b92,100 crore.<\/p>\n<p>The move will strengthen Siemens\u2019 position as a key supplier of low-voltage power distribution and electrical installation technology in one of the world\u2019s fastest-growing economies.<\/p>\n<p>Under the agreement, the German giant will acquire approximately 99 per cent of the equity share capital of C&amp;S Electric Ltd for around \u20b92,100 crore (\u20ac267 million).<\/p>\n<p>Closing of the acquisition is subject to regulatory approvals.<\/p>\n<p>Siemens envisions the partnership to pave the way for the establishment of a design and manufacturing hub in India, supporting the export of electrification solutions to fast-developing markets around the world.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Siemens has signed an agreement to acquire New Delhi-based C&amp;S Electric Ltd, a leading provider of electrical and electronic equipment, for \u20b92,100 crore. The move will strengthen Siemens\u2019 position as a key supplier of low-voltage power distribution and electrical installation technology in one of the world\u2019s fastest-growing economies. Under the agreement, the German giant will acquire approximately 99 per cent of the equity share capital of C&amp;S Electric Ltd for around \u20b92,100 crore (\u20ac267 million). Closing of the acquisition is subject to regulatory approvals. Siemens envisions the partnership to pave the way for the establishment of a design and manufacturing [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130],"tags":[],"class_list":["post-324398","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/324398","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=324398"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/324398\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=324398"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=324398"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=324398"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}