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Bajaj Electricals on Friday said it is considering to acquire the manufacturing business of Shikohabad-based Hind Lamps Ltd.
The board of directors of the company would meet “on November 23, 2015, inter alia, to consider a proposal to acquire manufacturing business of Hind Lamps,” Bajaj Electricals informed BSE.
Hind Lamps Ltd (HLL) is engaged in the business of manufacturing of glass bulbs, HID bulbs and aluminium caps, it added.
The company has a manufacturing unit at Shikohabad, District Firozabad, Uttar Pradesh and HID (High-intensity discharge) Lamps manufacturing unit at Parwanoo, Himachal Pradesh.
Established in 1951, HLL has been declared a sick industrial company by the Board of Industrial and Financial Reconstruction.
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