Siemens India to spin off energy business into separate listed entity

Siemens India to spin off energy business into separate listed entity

FILE PHOTO: Visitors walk under a Siemens sign at the international consumer technology fair IFA in Berlin, Germany September 2, 2022. REUTERS/Lisi Niesner

India‘s Siemens Ltd said on Tuesday it will demerge its energy business into a separate listed entity to focus on core businesses that meet the demands of shareholders at its German parent, Siemens AG.

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