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Market gives a thumbs down to Siemens' acquisition of C&S Electric

Updated : January 27, 2020 03:10 PM IST

Shares of Siemens fell over 4 percent on Monday as brokerages give a thumbs down to its purchase of C&S Electric.
Siemens has announced the acquisition of 99.22 percent stake in C&S Electric for Rs 2,100 crore.
Post the acquisition, brokerage firm Motilal Oswal (MOSL) downgraded Siemens to 'neutral'.
Market gives a thumbs down to Siemens' acquisition of C&S Electric

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