Mahle Electric Drives Japan Corporation

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Acquisition

Jun 24, 2023ACQUISITIONIndia
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 acquirer India Nippon Electricals target Mahle Holding (India) partner Mahle Electric Drives Japan Corporation partner #Automotive Components thehindu.com

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