 "stake sale, shares, investors, investment")
Auto electricals manufacturer Lucas-TVS will exiting its joint venture by selling its 29.9 per cent stake in the company to Japanese partner Koito Manufacturing, for around Rs 148.5 crore.
The joint venture, India Japan Lighting (IJL), was established in 1997 to manufacture and sell automotive lighting equipment. Since then, IJL has been supplying automotive lighting equipment mainly to Japanese automotive manufacturers in India.
"With the changes taking place in the lndian automotive industry, both the partners have agreed that Koito will assume 100 per cent ownership in IJL, towards the end of December 2019, and going forward, they will proceed to focus
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