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Uk & #8217;S Celestial To Pick 5% Stake In Bpl

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Partha Ghosh BUSINESS STANDARD
Last Updated : Jan 28 2013 | 1:52 AM IST

Global investor Celestial Finance of the UK will pick up close to 5 per cent stake in domestic consumer electronics firm BPL Ltd. The foreign company will acquire the stake from Merico Finance, a local investor.

This will be the first foreign direct investment in BPL, ahead of a possible investment by its existing technical collaborator, Sanyo of Japan.

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First Published: May 26 2003 | 12:00 AM IST

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