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Havells India To Acquire Lloyd Electric's Consumer Business

Havells India To Acquire Lloyd Electric's Consumer Business

Monday, February 20, 2017, 11:35 AM

Havells India Ltd, a leading maker of lights and fans, has agreed to buy a unit of Lloyd Electric and Engineering Ltd, that sells air conditioners and televisions in a Rs 1,550 crore deal. According to the company, the deal will help Havells expand its reach into the $15 billion consumer durables market in India.
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