{"id":617580,"date":"2023-11-16T09:07:52","date_gmt":"2023-11-16T03:37:52","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=617580"},"modified":"2023-11-16T09:23:54","modified_gmt":"2023-11-16T03:53:54","slug":"siemens-rises-4-as-german-parent-to-buy-additional-18-stake-for-2-28-bn","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/siemens-rises-4-as-german-parent-to-buy-additional-18-stake-for-2-28-bn\/","title":{"rendered":"Siemens rises 4% as German parent to buy additional 18% stake for $2.28 bn"},"content":{"rendered":"<p>Shares of Siemens Ltd climbed 4 per cent to Rs 3,566.5 apiece on the BSE in Wednesday&#8217;s intraday trade after its German parent Siemens Aktiengesellschaft (Siemens AG) announced to acquire an 18 per cent additional stake in the company for 2.1 billion euros ($2.28 billion). <\/p>\n<p>With this, the company&#8217;s total stake in its Indian arm will jump to 69 per cent from 51 per cent at present. Siemens Energy&#8217;s stake will decrease from 24 per cent to 6 per cent. <\/p>\n<p>At 2:05 PM, Siemens Ltd was quoting 2.2 per cent at Rs 3,494 per share as against 1 per cent, or 705 points, rally in the benchmark S&amp;P BSE Sensex.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shares of Siemens Ltd climbed 4 per cent to Rs 3,566.5 apiece on the BSE in Wednesday&#8217;s intraday trade after its German parent Siemens Aktiengesellschaft (Siemens AG) announced to acquire an 18 per cent additional stake in the company for 2.1 billion euros ($2.28 billion). With this, the company&#8217;s total stake in its Indian arm will jump to 69 per cent from 51 per cent at present. Siemens Energy&#8217;s stake will decrease from 24 per cent to 6 per cent. At 2:05 PM, Siemens Ltd was quoting 2.2 per cent at Rs 3,494 per share as against 1 per cent, [&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":[135,130,232],"tags":[],"class_list":["post-617580","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\/617580","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=617580"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/617580\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=617580"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=617580"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=617580"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}