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Siemens Ltd sale of low-voltage motors unit based on valuation by Grant Thornton Bharat, ICICI Securities

Siemens Ltd sale of low-voltage motors unit based on valuation by Grant Thornton Bharat, ICICI Securities
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Siemens' motors biz divestment upsets street, management says it is 'fair deal'

At least three brokerages have downgraded the price target and lowered the rating after the company announced a deal to sell its low voltage motors and geared motors businesses to an arm of its German parent. ....

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Siemens to sell division for Rs 2,200cr; buy EV charging business for Rs 38cr

Chennai, May 19: In a sale and purchase transaction, Siemens Ltd on Friday said it has decided to sell its low voltage motors and geared motor business for Rs 2,200 crore and buy the electric vehicle (EV) division of Mass-Tech Controls Private Ltd for Rs 38 crore. ....

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Siemens to sell division for Rs 2,200cr; buy EV charging business for Rs 38cr

In a sale and purchase transaction, Siemens Ltd on Friday said it has decided to sell its low voltage motors and geared motor business for Rs 2,200 crore and buy the electric vehicle (EV) division of Mass-Tech Controls Private Ltd for Rs 38 . ....

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