Foreign fund house Citigroup Global Markets Mauritius has sold 61 lakh shares or 0.97% stake of Havells India through the open market route. The shares were sold on an average price of Rs 292.03 valuing the transaction to Rs 178.14 crore.
Havells India is a leading FMEG Company with a strong global footprint. It enjoys enviable market dominance across a wide spectrum of products, including Industrial & Domestic Circuit Protection Devices, Cables & Wires, Motors, Pumps, Fans, Modular Switches, Home Appliances, Electric Water Heaters, Power Capacitors, CFL Lamps etc.