Siemens Rail Automation becomes a wholly owned subsidiary w.e.f. 01 October 2014
Siemens announced that Siemens Rail Automation has become a Wholly Owned Subsidiary of the Company with effect from 01 October 2014. The Company acquired 100% equity shares of Siemens Rail Automation from Siemens International Holding BV, Netherlands (99.99%) and Siemens AG (0.01%) for a consideration of Rs. 55 crore.Powered by Capital Market - Live News