Bajaj Electricals fully acquires JV firm Starlite Lighting
SECTIONS
Last Updated: May 01, 2021, 07:00 PM IST
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Synopsis In consideration of the said relinquishment and transfer of joint Control and Management Rights of SLL by Outgoing Promoters in favour of the company, the company will pay an aggregate control premium of Rs 14.80 crore, plus GST as applicable, to the Outgoing Promoters, subject to the terms and conditions of the said CTA, it said.
Agencies
It has also entered into a share subscription agreement for buying 45 lakh equity shares of SLL at a price of Rs 10 apiece.
Bajaj Electricals on Saturday said it has bought the remaining stakes of
Arvind-bharati
Ravindra-bharati
Starlite-lighting-ltd
Lighting-ltd
Management-rights
Outgoing-promoters
Bajaj-electricals
Cta
Usll
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Promoters
ரவின்ற-பாரதி