Siemens India’s promoter group rejigged its holding in the company as the German parent Siemens AG transferred 24% stake in the Indian arm to subsidiary Siemens Gas and Power Holding BV in line with the conglomerate’s global strategy. The overall holding of the parent group remained unchanged at 75%.

— The Economic Times

Khaitan & Co advised Siemens AG led by a team of partner Niren Patel and partner Arindam Ghosh with the core team comprising of senior associate Shreya Mukherjee, senior associate Shashank Patil, partner Aravind Venugopal and senior associate Aniruddha Basu along with support from the following practice areas: regulatory executive director Sudhir Bassi and partner Moin Ladha; corporate principal associate Sanket Shah, associate Gargi Bohra, associate Lipi Rawat and associate Aarthi Sashikumar; competition law partner Anisha Chand, senior associate Soham Banerjee and associate Arvind Pillai; direct tax director Vinita Krishnan and senior associate Krutika Chitre; indirect tax senior associate Pranay Sahay.

2020-05-19

Deal value: USD 1.14 billion

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