Siemens Limited Completes Sale of Low Voltage Motors Business for ₹2200 Crore
Siemens Limited has completed the sale of its Low Voltage Motors and Geared Motors business to Innomotics India Private Limited for a cash consideration of ₹2200 crore. The transaction was completed on a slump sale basis, effective June 1, 2026.
The sale of a specific business segment, while significant, does not represent a fundamental change to the entire company's operations. It is a strategic divestment that will impact the company's portfolio and financial structure.
The sale of a business unit for a significant cash consideration is generally viewed positively as it can streamline operations and provide capital for future investments or debt reduction.
Siemens Limited announced on June 1, 2026, the successful completion of the sale and transfer of its Low Voltage Motors and Geared Motors business to Innomotics India Private Limited. The transaction was conducted on a 'slump sale' basis for a cash consideration (enterprise value) of ₹22 billion (₹2200 crore), on a cash-free, debt-free basis, subject to mutually agreed adjustments.
The slump sale agreement was initially entered into on December 8, 2025, with further references in letters dated December 8, 2025, and February 13, 2026. The company has also enclosed a press release regarding this divestment, which is available on its website.
In connection with this announcement, the trading window for the company's securities remains closed from May 30, 2026, to June 3, 2026, inclusive, as per the company's Code of Conduct for Prohibition of Insider Trading.
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Siemens Limited filed this with the NSE as a statutory disclosure, categorised under other corporate actions. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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