In a bid to focus on the fast-growing LED lighting market in the country in line with its global strategy to drive value in its core business areas, Philips India has reportedly demerged its lighting business. The diversified technology company has also set up an independent company - Philips Lighting India.
Accordingly, 40,000-odd public shareholders in Philips India, who hold about 3% stake, will get shares in the new demerged lighting business on 1:1 basis. The Dutch parent Royal Philips holds the balance 97% in the Indian entity which was delisted 11 years ago from Indian bourses with minority public shareholding.
Philips India is a subsidiary of Royal Philips of the Netherlands, a diversified technology company, focused on improving people’s lives through meaningful innovation in the areas of Healthcare, Consumer Lifestyle and Lighting.
Company Name | CMP |
---|---|
Dixon Technologies | 8254.70 |
Honeywell Automation | 55815.90 |
MIRC Electronics | 22.14 |
Elin Electronics | 156.80 |
Safa Systems & Techn | 12.35 |
View more.. |