Livspace acquires a majority stake in Abby Lighting in cash-and-stock deal

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Omnichannel home interior and renovation platform Livspace acquired Mumbai-based LED lighting solutions provider Abby Lighting in a cash and stock deal, according to regulatory filings reviewed by Entrackr.

As per its filing with the Registrar of Companies (RoC), Livspace acquired a majority stake in the firm for around Rs 204 crore (approximately $23 million). The proposed transaction comprises Rs 173 crore in cash and Rs 31 crore through a share swap.

As part of the share swap, Abby Lighting’s co-founders Sanjay Bajaj and Suresh Bajaj will be…



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Livspace acquires a majority stake in Abby Lighting in cash-and-stock deal


Omnichannel home interior and renovation platform Livspace acquired Mumbai-based LED lighting solutions provider Abby Lighting in a cash and stock deal, according to regulatory filings reviewed by Entrackr.

As per its filing with the Registrar of Companies (RoC), Livspace acquired a majority stake in the firm for around Rs 204 crore (approximately $23 million). The proposed transaction comprises Rs 173 crore in cash and Rs 31 crore through a share swap.

As part of the share swap, Abby Lighting’s co-founders Sanjay Bajaj and Suresh Bajaj will be…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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