Siemens AG

Siemen AG's total stake in its Indian arm will jump to 69 per cent from 51 per cent at present

With this, the company's total stake in its Indian arm will jump to 69 per cent from 51 per cent earlier

Siemens AG spun off Siemens Energy in 2020 but Siemens Ltd, the Indian division which comprises business of both groups, remained integrated

The shares are currently worth about 3.3 billion ($3.5 billion). Siemens already owns 51% of the Indian business

Indian firm will also supply IT infrastructure services to Siemens AG

The LDA business within Siemens Ltd recorded revenue from operations of Rs 4,437 million for FY 2021 and an operating profit of Rs 251 million, a company statement said.

75F, which designs and manufactures IoT-based Building Management System, on Friday said it has raised USD 5 million from Siemens AG, bringing total 'Series A' funding to USD 28 million.

Siemens Aktiengesellschaft is the parent company of Siemens Ltd, which is listed in India

An analyst at a domestic brokerage said that Siemens is a highly cyclical stock, due to the high correlation between the company's revenue growth and India's gross fixed capital formation

Order flow pick-up, higher proceeds from businesses transferred to parent act as triggers