Wednesday, December 27, 2006

Delhi-based lighting equipment company scouting for acquisitions in the US

Indo Asian Fusegear Limited (IAFL), a Delhi-based switchgear and lighting equipment maker is looking for acquisition opportunities in the US in the range of Rs. 100-150 crores. The company has created a war chest of Rs. 100 crores for financing the acquisition. However, the company has declined to mention names of parties it is involved in talks with, saying that it is early to divulge details.

For more details, read The Economic Times and Business Standard articles.

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