Philips merges Indian divisions:
This article was originally published in Clinica
Philips India, Philips Medical Systems (India) and Philips Software Centre (PSC) are to be amalgamated into a single company, Philips Electronics India. According to the Mumbai-based company, the merger and proposed name change will present a unified face of the brand to all stakeholders as well as reflect its business more suitably and appropriately. The transaction, which is expected to be completed in March 2005, will take place via a share swap.
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