Siemens Limited has confirmed that the Competition Commission of India (CCI) has granted approval for the previously announced Proposed Transaction. This transaction involves the sale of Siemens’ Low Voltage Motors and Geared Motors business to Innomotics India Private Limited. The approval was officially received on February 12, 2026, following an initial disclosure made on December 8, 2025. The final consummation of the deal is pending further steps agreed upon by both parties.
Regulatory Approval Secured for Business Divestiture
Siemens Limited officially announced on February 13, 2026, that a significant regulatory milestone has been achieved concerning the planned divestiture of its specialized motor division. The company confirmed receiving formal approval from the Competition Commission of India (CCI) for the Proposed Transaction.
This transaction centers on the sale of the Low Voltage Motors and Geared Motors business to Innomotics India Private Limited. The official intimation of CCI approval was received by Innomotics India on February 12, 2026.
Next Steps in Transaction Finalization
The disclosure references earlier communication dated December 8, 2025, regarding the initial intention to proceed with this sale. While the key regulatory hurdle has been cleared, the document explicitly states that the Proposed Transaction is yet to be consummated. The completion remains dependent on the execution of remaining steps as mutually agreed upon between the involved parties.
Siemens Limited has requested that the stock exchanges take this update regarding the CCI clearance on record.
Source: BSE
