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Siemens AG sells 24 per cent stake in Indian unit for Rs 8,520 cr to group firm

While there was no official word from the company, reports suggested that Siemens AG was in the process of carving out its gas and power business, which had dragged its overall performance, into a separate subsidiary New Delhi: German conglomerate Siemens Aktiengesellschaft on Tuesday sold shares worth over Rs 8,500 crore in its listed Indian […]

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