Siemens has made a public announcement regarding scheme of arrangement between Siemens Limited (Parent Company or Demerged Company) and Siemens Energy India Limited (Child Company or Resulting Company). This scheme of arrangement was approved by the Hon’ble National Company Law Tribunal (NCLT), Mumbai Bench. For the purpose of this corporate action, 7 April 2025 is the record date.
As per the scheme of arrangement, 1 equity share of Rs 2 each fully paid-up of the Resulting Company will be issued for every 1 equity share of Rs 2 each fully paid-up held by equity shareholders of the Demerged Company. In other words, if you held 100 shares of Siemens Limited as on the record date, you will receive 100 shares of Siemens Energy India Limited.
The company is currently unlisted, but you can see the shares in the unlisted section of your portfolio. Trading will be possible once the company applies for listing. Your portfolio will update with the adjusted price of between Siemens Limited and the new Siemens Energy India Limited once the Cost of Acquisition (COA) is declared.
What do you think about this order by the NCLT? Feel free to use this thread to discuss.