Electrolux holds a 40 per cent stake in the joint venture, Eureka Forbes, which is a market leader in water purifiers and vacuum cleaners. Electrolux also owns the brands used by the company, namely, Aquaguard, EuroClean and EuroAir.
Forbes Gokak executives said there had been a series of discussions between the two companies on the issue. However, Electrolux intends to continue to hold its investment.
Last year, the board of Forbes Gokak approved the acquisition of Electrolux
