{"id":617576,"date":"2023-11-16T09:06:07","date_gmt":"2023-11-16T03:36:07","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=617576"},"modified":"2023-11-16T09:23:18","modified_gmt":"2023-11-16T03:53:18","slug":"siemens-to-acquire-18-in-indian-arm-from-siemens-energy-for-2-1-bn-euros","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/siemens-to-acquire-18-in-indian-arm-from-siemens-energy-for-2-1-bn-euros\/","title":{"rendered":"Siemens to acquire 18% in Indian arm from Siemens Energy for 2.1 bn euros"},"content":{"rendered":"<p>German conglomerate Siemens Aktiengesellschaft (Siemens AG) will acquire an 18 per cent additional stake in Siemens Ltd India for 2.1 billion euros ($2.28 billion), the company announced on Wednesday. With this, the company&#8217;s total stake in its Indian arm will jump to 69 per cent from 51 per cent earlier. Siemens Energy&#8217;s stake will decrease from 24 per cent to 6 per cent. <\/p>\n<p>The purchase price reflects a 15 per cent discount from the 5-trading-days volume-weighted average price before the day of signing. Siemens will provide no new guarantees to Siemens Energy.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>German conglomerate Siemens Aktiengesellschaft (Siemens AG) will acquire an 18 per cent additional stake in Siemens Ltd India for 2.1 billion euros ($2.28 billion), the company announced on Wednesday. With this, the company&#8217;s total stake in its Indian arm will jump to 69 per cent from 51 per cent earlier. Siemens Energy&#8217;s stake will decrease from 24 per cent to 6 per cent. The purchase price reflects a 15 per cent discount from the 5-trading-days volume-weighted average price before the day of signing. Siemens will provide no new guarantees to Siemens Energy.<\/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":[135,130,232],"tags":[],"class_list":["post-617576","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-power-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/617576","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=617576"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/617576\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=617576"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=617576"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=617576"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}