Lucas Indian Service to increase stake in India Nippon Electricals to 70%

Lucas Indian Service Ltd. agreed to acquire over 44 lakh shares from Mahle Holding (India) Pvt. Ltd. and Mahle Electric Drives Japan Corporation for a total consideration of ₹168.91 crore, increasing its stake in India Nippon Electricals Ltd. from 50.80% to 70.32%.

“Lucas Indian Service Ltd. (LIS), one of the promoters of India Nippon Electricals Ltd. (INEL), has agreed to acquire more than 44 lakh shares from two other promoter entities for a total consideration of ₹168.91 crore.”thehindu.com

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• thehindu.comLucas Indian Service to up stake in India Nippon Electricals to 70% - The HinduThe Hindu BureauJun 24, 2023

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