Japan-based Koito Manufacturing Co. Ltd has announced that it has acquired full control of India Japan Lighting Pvt. Ltd (IJLPL), which is a joint venture with TVS Group. The transaction was done for Rs.148.5 crore with Kioto acquiring the remaining 29.9% stake in Chennai-based IJLPL. The acquisition will boost IJLPL’s and Koito’s profitability and growth […]
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