• Demerger and Listing of Siemens India’s energy business completed
• Siemens Energy India Limited now a separate, publicly listed company
• Simplifies and strengthens Siemens AG’s corporate structure in strategic Indian market

Siemens AG has successfully completed the listing of its energy business in India on BSE Limited and the National Stock Exchange of India Limited as Siemens Energy India Limited today. This marks a major milestone in the strategic transformation of Siemens AG’s portfolio as it simplifies and strengthens its corporate structure in the fast-growing and strategically important Indian market.

The successful demerger and listing of Siemens Energy India Limited creates two strong, independent companies – Siemens Limited, India and Siemens Energy India Limited – each focused on its core business, strategy, and capital allocation.

The development follows the agreement from November 2023 between Siemens AG and Siemens Energy AG to accelerate the unbundling of the business activities of the Indian subsidiary of Siemens. Siemens Energy AG is to ultimately acquire a controlling stake in Siemens Energy India Limited, subject to applicable regulatory approvals.

“The listing of Siemens Energy India Limited simplifies and strengthens our corporate structure in India. This move demonstrates our long-term commitment to this fast-growing and strategically important market and reflects our strategic focus on empowering each business to succeed independently,” said Roland Busch, President and CEO of Siemens AG. “Ultimately, it will unlock value for all shareholders and enable both Siemens and Siemens Energy to grow faster.”

Siemens AG holds 69 percent in Siemens Energy India Limited, and Siemens Energy AG holds 6 percent in Siemens Energy India Limited, with the remainder in free float – mirroring the existing ownership structure of Siemens Limited India.  

This strategic step enables both entities to better serve their markets with tailored go-to-market approaches and unlocks greater value for shareholders. Siemens Limited, India will continue as a leading technology company in Industry, Infrastructure, and Mobility, driving innovation by combining the real and digital worlds. Siemens Energy India Limited will focus on becoming the most valued energy technology company, supporting customers in their transition to a more sustainable future.