Panasonic in Advanced Talks to Acquire Controlling Stake in Focus Lighting and Fixtures
Panasonic Carbon is reportedly in advanced negotiations to acquire a 55% controlling stake in Focus Lighting and Fixtures, a B2B light fittings manufacturer listed on NSE's SME board. The deal, estimated at ₹526.00 crore, would include a mandatory open offer for an additional 26% public stake. Focus Lighting specializes in commercial light fittings and serves high-profile clients like Reliance Retail and DLF. The acquisition faces some challenges, with due diligence revealing issues that need resolution. If successful, this would be Panasonic's second major move in India's electricals segment since acquiring Anchor Electricals in 2007. Panasonic has dismissed the speculation as 'unfounded,' while Focus Lighting has not responded to queries.
28Jun 25
Panasonic India Exits Refrigerator and Washing Machine Segments, Shifts Focus to Future-Ready Solutions
Panasonic Carbon has announced plans to discontinue its refrigerator and washing machine segments in India as part of a global restructuring initiative. The company will shift focus to home automation, HVAC, B2B solutions, electricals, and energy solutions. Panasonic will assist dealers in liquidating inventory and continue providing customer service for existing products. This strategic move aims to align with future-ready growth segments in response to changing market dynamics.