Retail in Asia

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Philips India on the prowl

Philips Electronics India, subsidiary of Netherlands-based Royal Philips Electronics, which has recently made acquisitions and mergers in health care, is open to further acquisitions in the segment. It is also bullish about its growth in the lighting sector.

"We may go for further acquisitions in these two verticals apart from the consumer-lifestyle segment. We are seeking shareholders’ approval for that," said Murali Sivaraman, CEO and managing director.