Pune, Aug. 5 -- Tata AutoComp Systems Limited (TACO) announced with Japan's Ichikoh Industries Limited (Ichikoh), a company listed on the Tokyo stock exchange prime market and owned at 61.2 percent by Valeo, the project to acquire Valeo's lighting business in India through the acquisition of the Valeo Lighting Systems (VLS) business of Valeo India Private Limited.
The acquisition will be consummated through a 50:50 Joint Venture company (JVC) to be formed between TACO and Ichikoh Industries. The JVC would cater to the automotive lighting market in India.
The definitive agreements are in the process of being finalized between TACO and Ichikoh about the formation of the 'JVC' and the acquisition of the VLS Business and shall be subject to p...