The results of the shareholders' poll have paved the way for the company to move the Kolkata High Court for the capital reduction scheme proposed by Philips.
For further information contact:
Philips India Limited
Corporate Communications
Anil A. Nayak
Ph: +91 22 66912122, Fax: +91 22 6691 2499
e-mail:anil.nayak@philips.com
About Royal Philips Electronics
Royal Philips Electronics of the Netherlands (NYSE: PHG, AEX: PHI) is one of the world's biggest electronics companies and Europe's largest, with sales of EUR 30.3 billion in 2004. With activities in the three interlocking domains of healthcare, lifestyle and technology and 161,100 employees in more than 60 countries, it has market leadership positions in medical diagnostic imaging and patient monitoring, color television sets, electric shavers, lighting and silicon system solutions. News from Philips is located at www.philips.com/newscenter
Philips Electronics India Limited, a subsidiary of Royal Philips Electronics, is a leader in Lighting, Consumer Electronics, Semiconductors, Domestic Appliances & Personal Care with an unmatched range of internationally current products backed by superior design and technology. It also has an excellent distribution and after-sales service network. Philips has been operating in India for 75 years and employs over 4,500 employees.
|