SIEMENS LTD. - Outcome of Board Meeting

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30 Jan 2014
Siemens Ltd has informed BSE that the Board of Directors of the Company at its meeting held on January 30, 2014, inter alia, has taken the following decisions, subject to all requisite statutory / regulatory approvals:<br/><br/>1. Mr. Christian Rummel has been appointed as an Additional Director as well as the Executive Director and Chief Financial Officer of the Company for a period of four years with effect from February 01, 2014.<br/><br/>2. Approved the acquisition of 100% equity shares of Siemens Rail Automation Pvt. Ltd. (SRAPL) from Siemens International Holding BV, Netherlands (99.99%) and Siemens AG (0.01%) for a consideration of Rs. 55 crores. SRAPL is engaged in the business of manufacture, supply, design, installation and commissioning of Railway Signaling equipments consisting of trackside and on board equipment. The business is complementary to the existing business of the Company and should provide significant synergies.
View all announcements for SIEMENS LTD.	Source: BSE India

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