FILE PHOTO: The logo of energy technology company Siemens Energy is displayed during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023. REUTERS/Chris Helgren/File Photo
| Photo Credit:
Chris Helgren
Siemens Limited shares adjusted on Monday as it turned ex-demerger following the spin-off of its energy business.
The stock opened 50 per cent lower from the previous close at ₹2,450 (52-week low). Despite the overall decline, it showed significant volatility throughout the trading session, trading 14.92 per cent positive at ₹2,815.60 as at 1.45 pm.
The shares hit the upper circuit of ₹3,087.
Shareholders will receive one share of Siemens Energy India for every Siemens India share they own as part of the demerger arrangement. The record date for the demerger was set for April 7, 2025.
The steep price drop occurred during the price discovery trade, where the valuation of the newly formed entity was determined based on the differential between Siemens India’s April 4 closing price and the opening price on Monday. This pricing process was guided by inputs from both domestic active and passive fund managers.
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Published on April 7, 2025