Siemens India’s unit sale to parent against the interest of minority investors: Analysts

In its report dated May 19, Jefferies stated: “While this is not a meaningful segment for Siemens’s growth prospects in transmission and railways, it has led to implied loss for investors as it was sold at lower EV/ sales.” The brokerage said the unit accounted for 7% of Siemens India’s FY22 sales and 9% of its profits.

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