Actis said seeking exit from India's Halonix
Actis is seeking a buyer for some or all of its 66% controlling stake in Indian halogen bulb and lamp manufacturer Halonix, in a deal which could fetch up to $56 million with a probable strategic buyer, according to Indian reports.
This follows earlier reports in June that Actis was planning to fully acquire the loss-making general lighting business of Halonix, which has recently focused on automotive lighting products. As part of...
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