Actis Sells Its Remaining Stake in Phoenix Lamps to Suprajit Engineering (Asia)

Source: Phoenix Lamps, VCCircle  |  Author(s): Anuradha Verma

Pan-emerging markets private equity firm Actis has sold its remaining stake in India-listed automotive lighting company Phoenix Lamps to auto component manufacturer Suprajit Engineering via an off market sale for INR271.2 million (approximately US$4.2 million). Actis sold its 10.88 percent stake at a share price of INR89 (approximately US$1.40).