The shares of Focus Lighting and Fixtures jumped 5 percent to hit the upper circuit in morning trade on July 29. This comes after a report said that Panasonic is in talks to acquire a controlling stake in the NSE-listed light fittings-maker for nearly Rs 526 crore.

apan-headquartered Panasonic is planning to acquire the entire 55 percent shareholding of the firm's promoters, The Economic Times reported citing people familiar with the matter. The remaining 45 percent stake is owned by the public.

A potential deal will trigger a compulsory open offer to the company's public shareholders for at least 26 percent stake, according to market regulator SEBI's guidelines, the report added citing sources. The acquisition would cost Panasonic nearly Rs 526 crore, including the potential 26 percent open offer, the report added.

Negotiations are at an advanced stage, but the due diligence of Focus has brought certain issues to the surface which need to be addressed before signing the contract, the report said.

The publication cited a spokesperson for Panasonic's electric works business divisions (formerly Anchor) as saying that the speculation appears to be unfounded, and no such information has been shared yet.

Focus Lighting and Fixtures is engaged in the manufacturing and trading of LED lights and fixtures. The company had listed on NSE's SME platform in 2017. It was shifted to the mainboard segment in 2021. According to the latest data on the firm's shareholding pattern, Managing Director and Founder Amit Vinod Seth owns nearly 51 percent stake in the company.

Its notable clients include Mercedes Benz, BMW, Tata Motors, Shoppers Stop and more, according to its website.

The shares of the company have gained more than 2 percent in the past five days, but lost nearly 4 percent in the past one month. The stock is down more than 23 percent in 2025 so far. It currently has a P/E ratio of 42.97.