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Panasonic exiting Nippo Batteries, to raise stake in Panasonic Carbon

By Bhawna Gupta

  • 06 Jun 2012
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Panasonic exiting Nippo Batteries, to raise stake in Panasonic Carbon

Japan’s Panasonic Corporation is exiting its public-listed joint venture Nippo Batteries by selling its entire holding to one of the two Indian partners in a deal estimated at around Rs 40 crore ($7.2 million) or more. Nippo Batteries is a three-way JV among Panasonic, the Obul Reddy Group and the ......

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