Livspace acquires a majority stake in Abby Lighting in cash-and-stock deal

Omnichannel home interior and renovation platform Livspace acquired Mumbai-based LED lighting solutions provider Abby Lighting in a cash and stock deal, according to regulatory filings reviewed by Entrackr.

As per its filing with the Registrar of Companies (RoC), Livspace acquired a majority stake in the firm for around Rs 204 crore (approximately $23 million). The proposed transaction comprises Rs 173 crore in cash and Rs 31 crore through a share swap.

As part of the share swap, Abby Lighting’s co-founders Sanjay Bajaj and Suresh Bajaj will be…