Last week, the board of Siemens Ltd, an Indian listed subidiary of MNC Siemens AG approved the sale of its LV motors and geared motors businesses for a cash consideration of ₹2,200 crore. This translates into 2.1 times its FY22 revenue and 15.5 times its EBITDA. The valuation was arrived at by Grant Thornton Bharat LLP on the basis of discounted cash flow method (using WACC of 12.4 per cent) and EV/EBITDA multiple of peers. The cash shall be distributed to the all shareholders of Siemens Ltd by way of special dividend.