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CLSA's Luminous Power Acquires Controlling Stake in Tritronics

by Kaushal Trivedi
CLSA's Luminous Power Acquires Controlling Stake in Tritronics
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Luminous Power Technologies - a CLSA investee company has taken a controlling stake in Tritronics (India), a North India based company UPS manufacturer.

The funds are expected to go towards expanding market for UPS, attain multiple segment presence, expand its product portfolio and to further consolidate its position.

Tritronics is amongst top 10 UPS makers in India.

Luminous Power Technologies, is a revenue INR 5 Billion leading global Power & energy Storage Company with a global presence, delivering high quality Inverters

Singhi Advisors were the advisors to the deal.

Source: DealCurry


Shailendra Bhandari May Be CEO Of ING Vysya Bank

Shailendra Bhandari May Be CEO Of ING Vysya Bank

Shailendra Bhandari, former managing director and CEO of erstwhile Centurion Bank of Punjab, is likely to be appointed as the new chief executive officer of private sector lender ING Vysya Bank, banking sources said today.

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Navayuga Plan To Sell Stake In Its Power Assets

Navayuga Plan To Sell Stake In Its Power Assets

Hyderabad-based CVR Group unit Navayuga Power may sell stake in its power assets to Toshiba, Sumitomo, Mitsubishi & GDF Suez. The deal Value expected to be in between INR 13,800 to 14,400 Mn for equity stake 49 to 51%.

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