Panasonic exiting Nippo Batteries, to raise stake in Panasonic Carbon

07 June, 2012

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) or more. Nippo Batteries is a three-way JV among Panasonic, the Obul Reddy Group and the Jiwarajka-Khaitan family.


Leave Your Comment
Panasonic buys out Obul Reddy’s 17% stake in listed arm, to make delisting offer

Panasonic buys out Obul Reddy’s 17% stake in listed arm, to make delisting offer

Anuradha Verma 3 years ago
Japanese consumer durables major Panasonic Corporation has acquired 16.95 per cent equity stake held by Indian partner P Obul Reddy Group in its public listed...
Panasonic set to delist Indian appliances arm after hiking stake to 91% for $10M

Panasonic set to delist Indian appliances arm after hiking stake to 91% for $10M

Bhawna Gupta 2 years ago
Japanese electronics firm Panasonic has acquired 16.42 per cent stake held by public shareholders in its public-listed Indian arm Panasonic Appliances India Company Ltd for...
KKR-led investor consortium in talks to invest in Apollo Hospitals promoter’s private arm

KKR-led investor consortium in talks to invest in Apollo Hospitals promoter’s private arm

TEAM VCC 4 years ago
The promoters of India’s largest healthcare firm by market cap Apollo Hospitals Enterprises are in talks with a consortium of investors led by private equity...
No Comments

Panasonic exiting Nippo Batteries, to raise stake in Panasonic Carbon

Powered by WordPress.com VIP