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Wednesday, June 6, 2012 - 10:01 IST
Panasonic exiting Nippo Batteries, to raise stake in Panasonic Carbon
BY Bhawna Gupta
Twin deal will see the Japanese giant sell stake in Nippo to one of the two local partners & buy its stake in Panasonic Carbon.
Japan’s Panasonic Corporation is exiting its public-listed joint venture Nippo Batteries by selling its entire holding to one of the two Indian partners in a deal estimated at around Rs 40 crore ($7.2 million)...
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