Siemens approves merger of Siemens Power Engg with self

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Siemens approves merger of Siemens Power Engg with self

Siemens board has approved merger of Siemens Power Engg with self. The company is going to offer 6 shares for every 13 Siemens Power Engg shares, reports CNBC-TV18.

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Siemens board has approved merger of Siemens Power Engg with self. The company is going to offer 6 shares for every 13 Siemens Power Engg shares, reports CNBC-TV18.

Siemens touched an intraday high of Rs 720 and an intraday low of Rs 713. At 09:18 hrs the share was quoting at Rs 717.00, down Rs 14.20, or 1.94%.
 
It was trading with volumes of 4,395 shares. In the previous trading session, the share closed down 1.19% or Rs 8.80 at Rs 731.20.