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Dutch parent eyes full control, Philips India buyout process values firm at Rs 3,321 crore

Dutch parent eyes full control, Philips India buyout process values firm at Rs 3,321 crore

Mon, Jul 23, 2018

Philips India, the Dutch consumer electronics brand, has approached the National Company Law Tribunal (NCLT) to buy its 22,27,000 shares or 3.87% stake held by non-promoter public shareholders. The company's buyout scheme has been technically filed as 'capital reduction' under section 66 of the Companies Act.  

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