“There have not been any private equity investments in major lighting companies such as Philips Lighting, Wipro and Havells India. So, it is most likely that there will be a lot of interest in this transaction from PE firms considering it is a consumer-facing business that is also profitable. In my view, the company should be able to get a significant premium on its valuation, owing to its strong distribution network in the country," said Pankaj Chopda, Director, Grant Thornton India LLP.
“The LED lighting market in India, which was dominated by Chinese imports earlier, is now expected to grow multi-fold, owing to ‘Make in India’ and many other government initiatives in this segment. Any market leader in this space, will therefore be a definite beneficiary," he added.
This article appeared in Live Mint on 28th Nov, 2019.