Home Retail Philips has a tooth for lifestyle and healthcare business

    Philips has a tooth for lifestyle and healthcare business

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    is said to be eyeing the and healthcare segments. The company is said to have amassed approximately Rs 697 crore of reserves to fund its acquisition ambitions.

    Philips to spin off lighting branch in IPO
    The offering would consist of a sale of existing shares only held by Royal Philips, the current sole shareholder of Philips Lighting

    At the 77th AGM of the company, PEIL’s chairman, S.M.Datta said that the company has created a war chest to fuel acquisitions. MD and vice-chairman of the company, , said that the company has a new plan in place to develop its business, and in pursuance of this plan the company will venture in lifestyle and healthcare segments through acquisitions.