<ul><li>Shares of Siemens Ltd. were locked in 20% upper circuit on the ex-date for the spin-off of its energy business into a new entity, Siemens Energy India Ltd.</li><li>Under the approved demerger ratio of 1:1, shareholders will receive one Siemens Energy India share for each Siemens share held.</li><li>Passive fund managers will retain Siemens Energy India in the NSE and BSE indices until three days after the company lists on Indian exchanges.</li><li>Siemens India shares were locked in upper circuit at Rs 2,940, with 20% gain, compared to a decline in the NSE Nifty 50.</li></ul>

Siemens Shares Hit 20% Upper Circuit On Ex-Date For Energy Business Spin-Off

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