Siemens stock up by 17 percent
Bangalore: Siemens stock was among the top gainers after the price went up nearly by 17 percent. After opening the day at 
828.00, the stock touched its 52 week high of 884.95, before closing the trade at 853.50 with a gain of 17.32 percent. The stock price yesterday had closed at 727.50 and thus we can observe that the difference between yesterday's closing price and today's open price is 100.50. Through the day, 1783327 shares of Siemens were traded in the market.
Siemens is an India-based company. The Company has eleven segments: Industry Automation, Drive Technologies, Building Technologies, Industry Solutions, Mobility, Fossil Power Generation, Oil and Gas, Power Transmission, Power Distribution, Healthcare and Real Estate. Its business is grouped into three sectors: industry, energy and healthcare. The product business group of Industry sector is Industry Automation (IA), Drive Technologies (DT) and Building Technologies (BT) divisions. The energy sector introduced products, including single phase 500 megavolt ampere high voltage direct current (HVDC) transformer, the 800 kilovolts circuit breaker, 400 kilovolts, 63 kilovolts disconnectors. The Healthcare Sector launched two magnetic resonance imaging (MRI) scanners called MAGNETOM Skyra 3 Tesla system and MAGNETOM Aera 1.5 Tesla system on January 8, 2010, the Company acquired the balance 13.85 percent stake in Siemens Building Technologies, a subsidiary of the Company.
Amarchand Mangaldas Suresh A. Shroff has been involved as legal advisor to Siemens AG for voluntary open offer made to public shareholders of Siemens. The company informed the development to the Bombay Stock Exchange on January 31. The open offer was made by Siemens AG under Regulation 11(2A) of the SEBI (SAST) Regulations to acquire up to 19.82 percent of the issued share capital of Siemens Limited at a price of 930 per share taking the total investment value, assuming full acceptances, to Euro 1 billion. HSBC Securities and Capital Markets acted as manager to the offer.Siemens AG is part of the promoter group of Siemens Limited and currently holds 55.18 percent of the issued and paid up equity capital of Siemens Limited.
828.00, the stock touched its 52 week high of 884.95, before closing the trade at 853.50 with a gain of 17.32 percent. The stock price yesterday had closed at 727.50 and thus we can observe that the difference between yesterday's closing price and today's open price is 100.50. Through the day, 1783327 shares of Siemens were traded in the market.
Siemens is an India-based company. The Company has eleven segments: Industry Automation, Drive Technologies, Building Technologies, Industry Solutions, Mobility, Fossil Power Generation, Oil and Gas, Power Transmission, Power Distribution, Healthcare and Real Estate. Its business is grouped into three sectors: industry, energy and healthcare. The product business group of Industry sector is Industry Automation (IA), Drive Technologies (DT) and Building Technologies (BT) divisions. The energy sector introduced products, including single phase 500 megavolt ampere high voltage direct current (HVDC) transformer, the 800 kilovolts circuit breaker, 400 kilovolts, 63 kilovolts disconnectors. The Healthcare Sector launched two magnetic resonance imaging (MRI) scanners called MAGNETOM Skyra 3 Tesla system and MAGNETOM Aera 1.5 Tesla system on January 8, 2010, the Company acquired the balance 13.85 percent stake in Siemens Building Technologies, a subsidiary of the Company.
Amarchand Mangaldas Suresh A. Shroff has been involved as legal advisor to Siemens AG for voluntary open offer made to public shareholders of Siemens. The company informed the development to the Bombay Stock Exchange on January 31. The open offer was made by Siemens AG under Regulation 11(2A) of the SEBI (SAST) Regulations to acquire up to 19.82 percent of the issued share capital of Siemens Limited at a price of 930 per share taking the total investment value, assuming full acceptances, to Euro 1 billion. HSBC Securities and Capital Markets acted as manager to the offer.Siemens AG is part of the promoter group of Siemens Limited and currently holds 55.18 percent of the issued and paid up equity capital of Siemens Limited.