Business Siemens buys Indian electrification company C&S Electric in $296 million deal Updated : January 25, 2020 12:09 PM IST The acquisition will also provide Siemens a launchpad to export products to other Asian countries. Siemens will buy around 99 percent of the equity share capital under the agreement. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.