Bajaj Electricals eyeing to acquire manufacturing business of Hind Lamps

21 Nov 2015 Evaluate

Bajaj Electricals is mulling to acquire the manufacturing business of Shikohabad-based Hind Lamps(HLL). The board of directors of the company would meet on November 23, 2015, to consider a proposal to acquire manufacturing business of Hind Lamps.

Hind Lamps is engaged in the business of manufacturing of glass bulbs, HID bulbs and aluminium caps.  Established in 1951, HLL has been declared a sick industrial company by the Board of Industrial and Financial Reconstruction (BIFR).

Bajaj Electricals, part of the Rs 20,000 crore Bajaj Group, is engaged in business appliances, fans, lighting, luminaries and engineering and projects.


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