Panasonic in talks to buy controlling stake in Focus Lighting and Fixtures

New Delhi | Kolkata: Panasonic is in talks to buy a controlling stake in business-to-business (B2B) light fittings maker Focus Lighting and Fixtures, in what would be its second acquisition in the electricals segment in India after nearly two decades, said people aware of the matter.

The Sheth family, founding shareholders of Focus Group, owns 55% of the NSE-listed company. The remainder is with the public including individuals and bodies corporate.