(Reuters) - TOKYO, April 23 - Matsushita Electric Works Ltd. , a maker of building materials and lighting equipment, said on Monday it had bought an 80 percent stake in India's Anchor Electricals Private for about 50 billion yen , taking aim at the country's strong growth potential.
Matsushita Electric Works is a unit of Panasonic maker Matsushita Electric Industrial Co. Ltd. , the world's largest consumer electronics maker. Mumbai-based Anchor is India's top maker of electrical construction materials such as lighting fixtures and electric wires.
Read more at Reuters.com Mergers News
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