Suprajit Engineering has concluded the acquisition of 51% stake in the fully paid up equity share capital of Phoenix Lamps on June 18, 2015. The company had earlier received an approval for acquiring 51% to 61.88% in equity capital of Phoenix Lamps, from ARGON INDIA, Mauritius & ARGON SOUTH ASIA, Mauritius at an agreed price of Rs 89 per share of Rs 10 each and signed a Share Purchase Agreement on May 06, 2015.
Phoenix Lamps is the largest manufacturer of Automotive Lamps in India and caters to Indian OEMs, After Market and European Aftermarket segment.
Suprajit Engineering is committed to being a world class organization, supplying cables and components to overseas and domestic customers in automobile and non-automobile sectors.
