December 2015
Intermediate to advanced
850 pages
41h 12m
English
Content preview from Strategic Management, Text and Cases by Pearson
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CORPORATE GOVERNANCE
453
Strategy Show: Siemens (India)—Transferring Wealth
‘If you can’t get rid of the skeleton in your
closest, you’d best teach it to dance’
—George Bernard Shaw
On January 9, 2009, the Board of Directors
of Siemens (India) took a decision to trans-
fer its 100% stake in Siemens IT Solution and
Services Ltd (SISL) business to a fully owned
subsidiary of Siemens AG, in Germany for
`449 crores. During 2009, SISL was making
annual revenue of `994 crores. The valua-
tion of SISL, on behalf of Siemens, was done
by Grant Thornton International.
In addition to the parent company in
Germany, Siemens AG, the shareholders of
Siemens India ...
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