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Siemens to sell Low Voltage Motors business to Innomotics India for Rs 2,200 crore by June 2026.
Summary
Siemens has approved the sale of its Low Voltage Motors and Geared Motors business to Innomotics India for Rs 2,200 crore. The deal, structured as a slump sale, is part of Siemens' global restructuring efforts and is anticipated to conclude by June 2026, pending regulatory approvals.
Key Points
- Siemens approved the sale of its Low Voltage Motors and Geared Motors business.
- The sale is to Innomotics India.
- The transaction value is Rs 2,200 crore.
- The deal is a slump sale.
- Expected closing date is June 2026, subject to regulatory clearances.
Full Article
Siemens shares may be in focus after the company approved the sale of its Low Voltage Motors and Geared Motors business to Innomotics India for Rs 2,200 crore. The transaction, based on a slump sale, is expected to close by June 2026 following regulatory clearances and aligns with Siemens’ global restructuring.
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