Phoenix Lamps or HALONIX Live stock quotes in India

Phoenix Lamps is an Indo Japanese joint venture. It was promoted in the year 1991 in Noida, about 45 minutes away from the International airport of New Delhi. The company has set-up a fully automatic state-of-the-art manufacturing facility for automobiles halogen lamps, halogen lamps for general lighting and compact fluorescent lamps. The company has a total investment for over USD 30 million and its units have a massive productions infrastructure, setup over three different locations, which can annually deliver over 80 millions lamps benchmarked to international regulations for quality, performance and safety. The company offers an extensive range of over 500 different types of products to suit varied customers needs and applications. The current customers base ranges from aftermarket buyers to OE manufactures and also includes reputed international brands. Argon India, Argon South Asia along with Actis Indiafund 2 LP (AIF) have made an open offer to the shareholders of Phoenix Lamps to acquire up to 4,769,860 equity shares of Rs 10 each, representing 20% of the voting rights in the company, from the remaining equity shareholders at a price of Rs 152 per share payable in cash. However, the price was later revised to Rs 190 per share.