Bajaj Electricals plans to acquire a majority stake in a lighting company in the western India, as part of its corporate strategy to double turnover to Rs 2,000 crore by 2009-2010.
Speaking to newspersons at a meeting held in Kolkata on Friday, Bajaj Electricals CMD Shekhar Bajaj said: “The company is in advanced stage of negotiations with the lighting company. Instead of buying the company and its assets, we may pick up a majority 51% stake or more since the present management is very strong.”
Bajaj Electricals offers a range of consumer electrical products and industrial luminaires ranging from lamps, tube lights, small household appliances, ceiling fans, table fans and air coolers.
Read more in The Economic Times article
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