Siemens Ltd has informed BSE that:<BR><BR>"Siemens Ltd. (hereinafter referred to as "the Company) and Whispering Heights Real Estate Private Limited, a proposed joint venture entity of Reco Solis Pte. Ltd. (an affiliate of GIC, Singapore) and the K. Raheja Corp Group (hereinafter referred to as the "Proposed Assignee) have today executed a Memorandum of Understanding for the transfer and assignment of the Company's leasehold interest in the Property located at Plot No. 130, Pandurang Budhkar Marg, Worli, Mumbai - 400018 for a total consideration of Rs. 610 Crore in favour of the Proposed Assignee.<BR><BR>The proposed assignment is subject to receipt of all requisite statutory and regulatory approvals from the concerned authorities and signing of firm agreements between the Company and the Proposed Assignee in this regard.
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