Crawford, Tatva, JSA, AZB lead on Panasonics acquisition of majority stake in Firepro Systems

Bar & Bench August 13 2012

Japanese electronics major Panasonic Corporation has acquired 76.2 per cent stake in the infrastructure protection and security company, Firepro Systems for an undisclosed amount.

According to VCCircle, the size of the deal could be upwards of $200 million (Rs 1,066 crore).

Panasonic has entered into a definitive agreement for subscription of new shares through its wholly-owned subsidiary . . .

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