{"id":623366,"date":"2023-12-20T10:40:32","date_gmt":"2023-12-20T05:10:32","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=623366"},"modified":"2023-12-20T12:41:39","modified_gmt":"2023-12-20T07:11:39","slug":"siemens-india-to-spinoff-energy-operations","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/siemens-india-to-spinoff-energy-operations\/","title":{"rendered":"Siemens India to spinoff energy operations"},"content":{"rendered":"<p>Siemens Ltd.\u2019s board on Monday approved a proposed demerger of its energy business into a separate unit, the company said in a regulatory filing.<\/p>\n<p>The Indian unit of the German engineering firm Siemens AG also approved the immediate incorporation of a wholly owned unit in Mumbai.<\/p>\n<p>A subsidiary would be incorporated to implement the planned demerger, the company added. <\/p>\n<p>Promoters \u2014 including Siemens Aktiengesellschaft, Siemens International Holding, Siemens Energy Holding, and Siemens Energy Aktiengesellschaft \u2014 requested the Indian unit\u2019s board to consider and evaluate the demerger.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Siemens Ltd.\u2019s board on Monday approved a proposed demerger of its energy business into a separate unit, the company said in a regulatory filing. The Indian unit of the German engineering firm Siemens AG also approved the immediate incorporation of a wholly owned unit in Mumbai. A subsidiary would be incorporated to implement the planned demerger, the company added. Promoters \u2014 including Siemens Aktiengesellschaft, Siemens International Holding, Siemens Energy Holding, and Siemens Energy Aktiengesellschaft \u2014 requested the Indian unit\u2019s board to consider and evaluate the demerger.<\/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":[130,239,136],"tags":[],"class_list":["post-623366","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/623366","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=623366"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/623366\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=623366"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=623366"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=623366"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}