Siemens Healthcare Diagnostics merges with Siemens Ltd

Siemens Healthcare Diagnostics today said it has merged with Siemens Ltd (SL) with effect from March 14, 2011.

"With effect from March 14, 2011, company stands amalgamated with SL and the legal entity of the company stands dissolved without winding up," Siemens Healthcare Diagnostics said in a filing to the Bombay Stock Exchange.

It further added that the entire business and undertaking of the company gets transferred to and in the name of Siemens Ltd.

The company and Siemens Ltd have filed a certified copy of the respective orders of the Bombay High Court and Gujarat High Court with the concerned Registrars of Companies on March 14, 2011.

In an earlier filing to the BSE, it had said the said amalgamation was to be effective only after the certified copies of the orders of both the High Courts were filed with the respective Registrars of Companies.

Siemens Ltd is the Indian arm of Siemens AG, a German infrastructure solutions company, which recently announced an open offer to buy nearly a 20% stake in Siemens Ltd at a price of Rs 930 per share, translating into a total cost of Rs 6,200 crore.

Shares of the Siemens Healthcare Diagnostics were being quoted at Rs 1,718 apiece in afternoon trade on the BSE today, up 2.80% from the previous close.