Siemens Energy, the power transmission and distribution (T&D) business demerged from Siemens, is set to list on Indian exchanges on June 19. According to Jefferies, the new entity will become India’s largest pure-play T&D equipment company by revenue and market capitalisation.
The demerger was effective from April 7 with Siemens (ex-Energy) shares trading at Rs 2,450, implying a derived value of Rs 2,478 for Siemens Energy.
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