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Videocon to sell Kenstar brand; Havells and Voltas potential buyers

Videocon to sell Kenstar brand; Havells and Voltas potential buyers

Friday, April 7, 2017, 6:04 PM

Havells India, an electric equipment maker, and Voltas, consumer electronics maker, are in a race along with other private equity companies to buy Videocon Industries’ Kenstar brand. Videocon is looking forward to debt reduction by selling Kenstar. Havells has continued its buying spree, where it bought consumer electronics business of Lloyds Electric for Rs 1600 crore enterprise value.
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