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Article: Siemens board okays 51 pc stake divestment in subsidiary.
- Article from:
- PTI - The Press Trust of India Ltd.
- Article date:
- November 25, 2008
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Siemens board okays 51 pc stake divestment in subsidiary
Mumbai, Nov 25 (PTI) Diversified firm Siemens today said it has divested 51 per cent stake in its subsidiary based in Bangalore to Siemens Corporate Finance.
In a filing to the Bombay Stock Exchange, Siemens said the board has approved the divestment of 51 per cent stake comprising over 21.23 lakh shares in its subsidiary Siemens Information Processing Services.
Siemens Corporate Finance is a 100 per cent ...