Actis to buy Halonix's general lighting unit
Emerging markets-focused PE firm Actis Capital is to fully acquire the loss-making general lighting business of Indian halogen bulb and lamp manufacturer Halonix, a company in which it currently holds a 66% controlling stake.
Following the acquisition, Halonix will operate as an automotive lighting firm. According to reports, the deal sees Halonix first jettison its general lighting business into its subsidiary Halonix Technologies...
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