|Chennai||Rs. 24470.00 (1.37%)|
|Mumbai||Rs. 24900.00 (0.97%)|
|Delhi||Rs. 24200.00 (1.26%)|
|Kolkata||Rs. 24160.00 (0%)|
|Kerala||Rs. 24000.00 (0.63%)|
|Bangalore||Rs. 23800.00 (0%)|
|Hyderabad||Rs. 24140.00 (1.17%)|
REUTERS - German engineering conglomerate Siemens AG
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.
The stock ended at 698 rupees on Tuesday. Siemens AG's total stake in its Indian unit is valued at $3.2 billion at the current market price.
The share offering was launched on Tuesday and is expected to be completed by Wednesday, the term sheet said, adding HSBC
A spokesman for Siemens' India unit could not immediately be reached by Reuters for a comment.
(Reporting by Manoj Dharra and Abhishek Vishnoi; Writing by Sumeet Chatterjee; Editing by Greg Mahlich)