BSE : Hitachi Home & Life Solutions (India) Ltd (code : 523398)
Hitachi Home & Life Solutions (India) updates on its parent company
Hitachi Home & Life Solutions (India) announced that Hitachi Appliances, Inc., its parent company, has agreed to divest its stake in Hitachi Home & Life Solutions (India) into a global joint venture.
Johnson Controls and Hitachi Appliances, Inc. have entered into a definitive agreement for their global joint venture to deliver most diverse technology portfolio in the heating, ventilation, air conditioning and refrigeration industry.
Through the agreement, Johnson Controls will obtain 60% ownership stake in Hitachi Appliances.
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