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Khaitan acts on $2.43bn Siemens AG BSE block trade of subsidiary

Sale of shares (approximately 47.70%) held by SAG in SIL, an Indian listed company, to SAG’s subsidiary, SIH BV, through a block deal on the floor of BSE Limited. SAG will continue to be the ultimate holding company and promoter of SIL following the completion of this transaction, according to reports.

Khaitan & Co advised Siemens Aktiengesellschaft led by a team of partner Niren Patel and partner Arindam Ghosh with the core team comprising of senior associate Shreya Mukherjee and senior associate Shashank Patil.

2020-06-23

Deal value: USD 2.43 billion

This deal report is based on a firm's press release and may be only partially complete. Some firms or names of advisers may be therefore be missing.

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