C&S Electric Exhibits in Elecrama 2020
- Acquisition addresses rising demand for low-voltage power distribution in India
- Apart from gaining access to the Indian market, the transaction is also aimed at creating an export hub
- Regulatory approval from Competition Commission of India was received in August 2020
- Siemens has acquired 99.22% (approximately) of C&S Electric Limited from its promoters for Rs. 2,100 crore
Siemens Limited has closed the acquisition of C&S Electric Limited after receiving the approval of Competition Commission of India on August 20, 2020 and the successful completion of further closing steps.