MUMBAI, Sept 12 (Reuters) - Shares in the Indian unit of
Siemens fell as much as 3.7 percent on
Wednesday after the German engineering conglomerate is looking
to sell a 1.2 percent stake in a deal that could raise up to $50
Nearly 4 million shares of Siemens India unit, in which the
parent has a 75 percent stake, are being sold to investors in
the price band of 649.15 rupees to 698 rupees a share, according
to the term sheet seen by Reuters on Tuesday.
As of 0350 GMT, the Indian unit of Siemens was down 3
percent at 677.25 rupees.
(Reporting by Abhishek Vishnoi and Manoj Dharra; Editing by