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HAVELLS MALTA BV
Havells acquires consumer biz of Lloyd Electric for Rs 1600 crHowever the manufacturing units along with the low margin original equipment manufacturer (OEM) piece and the projects business that suppli...- Havells likely to buy Lloyd Electric's consumer business for Rs 1500 crore, to get toehold in room AC segmentIn a market crammed with about two dozen brands, Lloyd is third largest player in the room AC segment after Voltas and LG.
- Havells shares surge 8% at close; mcap rises by Rs 1,422 croreThe stock settled at Rs 305.35, up 8.05 per cent on BSE. During the day, it surged 10.22 per cent to Rs 311.50.
- Havells shares surge 9% on Sylvania stake saleIn 2007, Havells had acquired Frankfurt-headquartered Sylvania for $300 million through its Dutch subsidiary Havells Netherlands.
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