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Siemens Limited ( (IN:SIEMENS) ) has provided an update.
Siemens Limited has received a show cause notice from the Joint Commissioner of Central GST & Excise, Vadodara I Commissionerate, concerning a GST liability of Rs. 34.83 crore related to the transfer of leasehold interest in a property in Halol, Gujarat. The company is currently assessing the notice and plans to take appropriate action, with further updates to be provided as necessary. This development could have implications for Siemens’ financial obligations and regulatory compliance.
More about Siemens Limited
Siemens Limited operates in the industrial manufacturing sector, providing a range of products and services including automation, digitalization, and electrification solutions. The company focuses on enhancing industrial productivity and efficiency across various sectors in India.
Average Trading Volume: 25,867
Technical Sentiment Signal: Strong Buy
Current Market Cap: 1183.2B INR
Learn more about SIEMENS stock on TipRanks’ Stock Analysis page.