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The BoD, at its meeting held on December 18 2023, authorised the management to commence exploratory steps as may be required to examine a potential demerger of its energy business. ....
The benchmark indices took a break from their record-breaking run to close lower. The Sensex ended at 71,315.09 and the Nifty at 21,405.55, down 0.24 percent each ....
Siemens Ltd. has approved a proposed demerger of its energy business into a separate unit, with the Indian unit of the German engineering firm Siemens AG also approving the immediate incorporation of a wholly-owned unit in Mumbai. This comes a month after Siemens AG announced it will buy an 18% stake in subsidiary Siemens Ltd for €2.1 billion. ....