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Siemens: Announcement under Regulation 30 (LODR)-Updates on Acquisition

We refer to our letter dated 24th January 2020 regarding signing of definitive agreements for the proposed acquisition of C&S Electric Limited (C&S) by the Company.

In this connection we would like to inform you that the Company has received intimation from the Competition Commission of India (CCI) that it has granted its approval with respect to the proposed acquisition of C&S by the Company. However the detailed order from the CCI is awaited.

The proposed acquisition is still subject to receipt of other approvals and fulfilment of condition precedents as agreed between the parties.

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