Havells India and its wholly owned subsidiary Havells Sylvania Europe has successfully refinanced its existing outstanding term loan liability falling due in April, 2013. The new Facility agreement has been signed on May 24, 2012 in London with a consortium of Indian and foreign bankers. The total facility of Euro 77.5 million would be amortized over 4 years.
Havells India is a billion dollar organization and India’s one of the largest and fastest growing electrical and power distribution equipment manufacturer. The company provides a wide range in stylish and high quality low voltage electrical equipments including industrial switchgears, cables, fans, CFLs, lighting fixtures, electrical water heaters, crabtree switches and domestic appliances.
