Siemens buys out C&S Electric for Rs 2,100 crore Siemens said that the regulatory approval from CCI was received in August last year and the acquisition will address rising demand for low-voltage power distribution in India. Share Via Email | A+A A- By ANI MUMBAI: 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.