Feile Audio announced on the evening of May 16 that the company intends to acquire a 20% stake in Feilo Malta Limited (FML), a lighting products company owned by HHL, through the wholly-owned grand company IUL for 34.5 million euros, and intends to wholly fund through FML. The subsidiary acquired a 100% stake in Havells Sylvania (Thailand) Limited, a Thai lighting products company owned by TLACL, for a price of 1.6 million euros.
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