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13.08 - 17:31
Siemens shareholders reject proposed sale of low voltage and geared motors businesses to parent company
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Siemens has announced that the shareholders of the company have voted against the proposed sale and transfer of the new low-voltage motors and geared motors businesses to Siemens Large Drives India Private Limited. “The Company had sought the approval of its Members in relation to the aforesaid matter (amongst other matters) vide the postal ballot notice dated 23rd June, 2023." Siemens informed via a regulatory filing on Friday.
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