Siemens Ltd. , a prominent player in the Indian market, recently witnessed substantial trading activity on the National Stock Exchange (NSE), with two significant block trades catching investors' attention.

Block Trade Details

The trading session saw two major transactions in Siemens Ltd. shares:

1. The first block trade involved 83,995 shares changing hands at ₹3,187.50 per share, amounting to a total value of ₹26.77 crore.

2. The second transaction comprised 77,156 shares traded at ₹3,180.00 per share, totaling ₹24.54 crore.

Combined, these block trades represented approximately 1.61 lakh shares of Siemens Ltd., with a cumulative value of ₹51.31 crore.

Market Implications

Block trades of this magnitude often draw attention from market participants as they can indicate significant institutional interest or large stakeholder movements. While the identities of the buyers and sellers in these transactions remain undisclosed, such trades can sometimes signal shifts in investor sentiment or portfolio reallocations by major shareholders.

About Siemens Ltd.

Siemens Ltd. is the flagship listed company of Siemens AG in India. The company operates in various sectors, including power generation and distribution, smart infrastructure, and digital industries. These substantial block trades underscore the continued interest in Siemens Ltd. within the investment community.

Investors and market analysts will likely keep a close watch on Siemens Ltd.'s stock performance and any potential disclosures that might shed light on these significant transactions.

Siemens Limited has announced a significant restructuring of its business portfolio, divesting its low voltage motors and geared motors businesses while simultaneously expanding its presence in the electric vehicle (EV) charging sector.

Divestment of Motors Business

The Board of Siemens Limited has approved the sale of its low voltage motors and geared motors businesses to Siemens Large Drives India Private Limited for Rs 2,200.00 crore. This transaction is set to take effect from October 1, 2023. The divested business units have been substantial contributors to Siemens Limited's financial performance:

This strategic move aligns with Siemens AG's global strategy to carve out its motor businesses into a separate entity, Innomotics GmbH.

Special Dividend Announcement

In a move that will likely please shareholders, Siemens Limited plans to distribute 100% of the sale proceeds as a special dividend. This distribution will occur after deducting the applicable capital gains tax, which is estimated to be approximately 23%.

Acquisition in EV Charging Sector

Concurrent with the divestment, Siemens Limited has made a strategic acquisition in the growing electric vehicle market. The company has purchased the electric vehicle division of Mass-Tech Controls Private Limited for Rs 38.00 crore. This acquisition is aimed at strengthening Siemens' e-mobility charging infrastructure capabilities.

Key details of the acquired EV business:

• Purchase price: Rs 38.00 crore
• Reported revenue: Rs 16.70 crore

Strategic Shift

Siemens Limited's management has emphasized that these moves are part of a broader strategic shift. The company is focusing on moving up the value chain, transitioning from traditional electrification products to more advanced digitalization and automation solutions.

This realignment of the business portfolio demonstrates Siemens Limited's commitment to adapting to changing market dynamics and positioning itself for future growth in high-tech sectors.

The divestment of the motors business, coupled with the acquisition in the EV charging sector, marks a significant milestone in Siemens Limited's strategic evolution. As the company pivots towards more technologically advanced solutions, stakeholders will be watching closely to see how these changes impact its market position and financial performance in the coming years.