Siemens has signed an agreement to acquire New Delhi-based C&S Electric Ltd, a leading provider of electrical and electronic equipment, for ₹2,100 crore. — Hindu Business Line

S&R Associates advised C&S Electric Limited led by a team of The S&R corporate team included partners Sanjeev Adlakha and Shivaji Bhattacharya and associates Tarinee Sudan, Meher Mehta, Neethu Roy, Addway Bandyopadhyay and Anurag Goswami. Simran Dhir, head of competition practice, and associates Dhruv Agarwal and Ishika Rout advised on competition law matters.

Cyril Amarchand Mangaldas Mumbai was legal counsel to the purchaser Siemens Limited.

Ambit Private Limited Mumbai acted as financial advisor to the sellers.

2020-01-24

Deal value: INR 21 billion

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