September 28, 2020

C and S - Siemens Deal

C and S Electric to Sell Units to Private Co of Promoters ? Please Recheck all Information

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It appears C and S Electric has sold to Siemens bulk of its manufacturing facilities .

 It appears that other businesses are , now , being sold to a Private Limited Co. Neeru Holding Private Ltd , owned by the Pomoters.

Special Resolutions are being got approved by Postal ballot.

 - Entire shareholding in Cand S Electric International B.V. ,  wholly owned foreign subsidiary to Neeru Holdings Private Ltd . for Rs. 25 crore 

- Sale of Lighting division , MV Switchgear Div , Diesel Genset Div to Neeru Holding Private Ltd for Rs.  148 cr.


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