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Varroc Lighting Systems expands electronics capabilities with the full acquisition of joint venture with Elba

Varroc Lighting Systems expands electronics capabilities with the full acquisition of joint venture with Elba
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Varroc Lighting Systems has announced the acquisition of the 30 percent stake of Elba in Varroc-Elba Electronics (VEE) joint venture.
PLYMOUTH, Mich. (PRWEB)
December 16, 2020
Varroc Lighting Systems has announced the acquisition of the 30 percent stake of Elba in Varroc-Elba Electronics (VEE) joint venture. The full consolidation of VEE within Varroc Lighting Systems demonstrates the company’s commitment to grow its electronic business as a key part of their strategy.
“Varroc already designs and develops all of its own electronics hardware and software,” said Stephane Vedie, president and chief executive officer of Varroc Lighting Systems. “The full acquisition of our joint venture and the expansion of our manufacturing capacity will further support our profita ....

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Barometers trade near day's low; cement stocks under pressure

Domestic equities were trading near the day s low in mid-morning trade. Barring the Nifty FMCG and Nifty Metal index, all the sectoral indices on the NSE were in the red. Investors locked profit after recent steep gains.
At 11:20 IST, the barometer index, the S&P BSE Sensex, was down 323.02 points or 0.7% at 45,780.75. The Nifty 50 index slipped 95.90 points or 0.71% at 13,433.95.
The Sensex rose 3.33% in the past five consecutive sessions while the Nifty climbed 4.32% in seven straight days till 9 December 2020.
The correction was wide spread. The S&P BSE Mid-Cap index and the S&P BSE Small-Cap index lost 0.82% each.
The market breadth, indicating the overall health of the market, was weak. On the BSE, 886 shares rose and 1744 shares fell. A total of 139 shares were unchanged. ....

United Kingdom , Narendra Modi , Jaidev Shroff , Dalmia Bharat , Boris Johnson , Union Cabinet , European Commission , Ministry Of Health , Central Drugs Standard Control Organisation , European Union , Competition Commission Of India , Varroc Elba Electronics , Commission De Surveillance Du Secteur Financier , Serum Institute Of India , Securities Exchange Board Of India , Nifty Metal , Serum Institute , Bharat Biotech , Family Welfare , Prime Minister , Exchange Board , Commission De Surveillance , Secteur Financier , Competition Commission , Ambuja Cements , Ramco Cements ,

Varroc Engg acquires balance 30% stake in Romanian unit

Varroc Engg acquires balance 30% stake in Romanian unit
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