Receipt of certified copy of order of the Hon ble National Company Law Tribunal, Mumbai Bench sanctioning the…
As filed · Siemens Limited has informed the Exchange about Receipt of certified copy of order of the Hon ble National Company Law Tribunal, Mumbai Bench sanctioning the Scheme of Arrangement between Siemens Limi
What happened
FactSiemens Limited has received a certified copy of the order from the Hon’ble National Company Law Tribunal, Mumbai Bench, sanctioning the Scheme of Arrangement for the demerger of its Energy Business to Siemens Energy India Limited. This arrangement involves the respective shareholders and creditors of both companies. The filing is in compliance with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Why it matters
CapitSignal interpretationA merger fixes a share-exchange ratio, which permanently sets how much of the combined company existing holders own.
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- Appointed date
Evidence
How CapitSignal classified this
- Reasoning:
- MERGER base 74; matched on subject
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 75%