Hero Enterprises, led by ex-Hero MotoCorp joint MD Sunil Kant Munjal has acquired 25% of the share capital in Mumbai-based consumer lighting firm Corvi LED Light through an investment of Rs 63 crores (around $10m), as reported by The Economic Times and Business Standard.

AZB & Partners advised Hero Enterprises in the transaction, led by partners Anil Kasturi and Nandita Govind along with senior associate Siddharth Khanna.

Founded by Vimal Soni, Corvi LED serves a range of innovative indoor products and is ready to introduce outdoor & industrial products also focussing on human-centric lights with the ability to control lights remotely. It is expected that the current addition of Corvi to the investment portfolio of Hero Enterprise shall reinforce Sunil Kant Munjal’s vision to empower entrepreneurship built around innovation, plus the ability to deliver value globally.

2017-07-25

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