Siemens India decides to demerge energy business

The Board of Directors of Siemens Limited (SL) approved the proposal to demerge it’s Energy Business into a separate legal entity – Siemens Energy India Limited (SEIL), currently a wholly owned subsidiary of SL. SL’s focus will continue to be on Industry, Infrastructure and Mobility. SEIL will provide solutions across the entire energy value chain … Read more

Timken’s parent sells around 10%

Timken Singapore Pte Ltd, the parent Company of Timken India (TI) has sold a significant stake of TI. It has sold 7.6 million shares in the open market The consideration for the same is around Rs 2,361.89 crore i.e., abt Rs 3,100/ share which is 11% discount from the previous closing price It’s stake has … Read more