Suprajit Engineering has entered into an Asset Purchase Agreement to acquire the halogen bulb manufacturing facility near Chennai from Osram India (Osram). This plant to produce comprehensive range of halogen bulbs includes land, building and a complete range of manufacturing facilities. The transaction is expected to be completed by the end of September 2019 and will be funded by internal accruals. With this acquisition, Suprajit’s halogen bulb’s annual manufacturing capacity will increase from 87 million to about 110 million. The company will emerge as one of the top three manufacturers o...