Siemens International Holding B.V. has completed its acquisition of 3.56 million shares from Siemens Energy Holding B.V. on December 17, 2025. The inter-promoter share transfer, valued at ₹11,408 crores, was executed under Regulation 10 of SEBI's Substantial Acquisition of Shares and Takeovers Regulations, 2011.

Transaction Details

The completed acquisition represents a strategic consolidation within the Siemens group structure. The transaction specifics are outlined below:

Updated Shareholding Structure

Following the completion of this transaction, the ownership structure of Siemens Limited has been significantly restructured:

Regulatory Compliance

The transaction was conducted in full compliance with SEBI regulations. Siemens International Holding B.V. filed the requisite disclosure under Regulation 10(5) with stock exchanges on December 9, 2025, prior to the acquisition completion. The company was exempted from making an open offer under sub-clause (ii) of Regulation 10(1)(a) as this constituted an inter-promoter transfer.

The acquisition increases Siemens International Holding B.V.'s stake to 52.77%, consolidating its position as the majority shareholder. This transaction follows a previous acquisition of 14,503,026 equity shares from Siemens Energy Holdco B.V. on December 16, 2025, indicating ongoing restructuring within the promoter group.

The completion of this share transfer represents a significant consolidation of ownership within the Siemens promoter group, with the total promoter shareholding maintained at 75.00% of the company's equity share capital.

Jefferies has maintained its bullish stance on Siemens Energy, reaffirming its 'Buy' recommendation with a price target of ₹4,000.00. This rating continuation demonstrates the brokerage firm's sustained confidence in the company's investment appeal.

Analyst Recommendation Details

The following table summarizes Jefferies' current position on Siemens Energy:

Investment Outlook

By maintaining the 'Buy' rating, Jefferies signals its belief that Siemens Energy continues to present attractive investment opportunities. The ₹4,000.00 price target suggests the brokerage sees potential upside in the stock from current market levels.

The decision to maintain rather than upgrade or downgrade the rating indicates stability in Jefferies' assessment of the company's fundamentals and market position. This consistent recommendation reflects the analyst's view that the original investment thesis for Siemens Energy remains intact.