India Dealbook: Koito to buy partner in lighting JV; PeopleStrong acquires Qilo

India Dealbook: Koito to buy partner in lighting JV; PeopleStrong acquires Qilo

Photo: Mint

Japan’s Koito Manufacturing Co Ltd is acquiring 29.9 per cent stake from its partner Lucas-TVS group in India Japan Lighting Pvt Ltd (IJL) for Rs 148.5 crore. In another development, PeopleStrong announced that it has acquired SaaS performance management company Qilo.