IIPM PUBLICATION
Anchor Electricals has changed parents. Matsushita – popular for its Panasonic and National brands – has picked up 80% stake in Anchor Electricals for Rs.20 billion. The Shah family, which is the current shareholder of the company will retain the remaining 20% stake. This merger is an attempt by Matsushita to capitalize on the growing volumes in the Indian market (owing to the realty boom in the country). The deal will give the Japanese electrical major a robust distribution network for their new products in the country.
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Source : IIPM Editorial, 2007
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative
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