/ Havells India Acquires Consumer Durable Business Of Lloyd ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Tuesday, 9 May 2017

Havells India Limited, a leading fast moving electrical goods company on Monday informed of successfully completing the acquisition of consumer durable business division of Lloyd Electric and Engineering Limited. The company has carried out the acquisition at an enterprise value of Rs 1600 crores on a debt free, cash free basis, as per BSE filing.

The acquisition has been reportedly financed through internal accruals and cash balances.

The stock of the company is trading at 0.01% at Rs 490 per share on the BSE. It hit a high of Rs 494.80 and a low of Rs 488.60 so far during the day.

The traded number of shares of the stock so far is 4,18,604 and the traded value of the shares is 2,055.76 lakhs on the NSE. Havells India Limited is engaged in manufacturing switchgears, cable, lighting and fixtures, and electric consumer durables.

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