SIEMENS LTD. - 500550 - Announcement under Regulation 30 (LODR)-Updates on Acquisition
With reference to our letter dated 24th January, 2020 and 21st August, 2020, this is to inform you that the Company has today acquired 99.22% (approximately) equity shares of C&S; Electric Limited ('C&S;') from its promoters, for an aggregate consideration of INR 21,000,000,000 (Indian Rupees Twenty One Thousand million) on a cash free / debt free basis on terms and conditions that are mutually agreed between the parties to the transaction. Please find enclosed the Press Release issued by the Company in this regard. In this connection, the trading window under the Company''s Code of Conduct for Prohibition of Insider Trading is closed from 27th February, 2021 to 3rd March, 2021 (both days inclusive).01-03-2021