Siemens buys out C&S Electric for Rs 2,100 cr ANI | Updated: Mar 01, 2021 15:06 IST Mumbai (Maharashtra) [India], March 1 (ANI): Siemens Ltd, the flagship listed company of Siemens AG in India, said on Monday it has acquired 99.22 per cent stake of C&S Electric Ltd from its promoters for Rs 2,100 crore. The acquisition will address rising demand for low-voltage power distribution in India. "Apart from gaining access to the Indian market, the transaction is also aimed at creating an export hub," Siemens said in a statement. The regulatory approval from Competition Commission of India (CCI) was received in August last year, it added.