The 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.

In 2007, Havells had acquired Frankfurt-headquartered Sylvania for $300 million through its Dutch subsidiary Havells Netherlands.

Past mistakes need to be acknowledged, and a laser-like focus is needed on costs and value. Then, avoid companies riddled with pension liab...

Investors should start looking afresh at midcap counters as valuation gap between mid and small cap stocks have widened.

Electrical goods maker Havells India is mulling over acquisitions in China and Africa that may entail an investment of up to $200 million.

Havells India has formed an equal joint venture with Shanghai Yaming Lighting Co in China to sell energy-efficient lighting products.