Igarashi Electric to buy out partner in Igarashi Motors India

Japan's Igarashi Electric Works and its subsidiary Agile Electric Sub Assembly will acquire a combined 21.15% stake in Igarashi Motors India from CEO Mukund Padmanabhan, taking control of the Indian unit.

“Japan’s Igarashi Electric will buy out its Indian partner chief executive Mukund Padmanabhan and will take over the debt from Igarashi Motors India as the Kawasaki-based electric motor maker looks to expand its business in the country.”economictimes.indiatimes.com

• 1 source
• economictimes.indiatimes.comJapan’s Igarashi to buy out partner in India unit - The Economic TimesAug 23, 2019

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