Havells rises on completing acquisition of consumer durable business of Lloyd

09 May 2017

Havells India is currently trading at Rs. 491.90, up by 1.95 points or 0.40% from its previous closing of Rs. 489.95 on the BSE.

The scrip opened at Rs. 492.00 and has touched a high and low of Rs. 494.80 and Rs. 488.60 respectively. So far 14549 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 501.45 on 08-May-2017 and a 52 week low of Rs. 303.60 on 21-Nov-2016.

Last one week high and low of the scrip stood at Rs. 501.45 and Rs. 472.10 respectively. The current market cap of the company is Rs. 30614.79 crore.

The promoters holding in the company stood at 61.61%, while institutions and non-institutions held 29.19% and 9.21% respectively.

Havells India has completed the Rs 1,600 crore acquisition of consumer durable business of Lloyd Electric & Engineering. The acquisition, paving way for the Noida-based company to foray into the consumer durables segment, has been financed through internal accruals and cash balances.

This acquisition marks the foray of the company in the consumer durables industry, especially gaining a strong foothold in the air-conditioners segment. The brand has also expanded into the TV and washing machine segments.

Havells India is the country's leading Fast Moving Electrical Goods (FMEG) manufacturer, producing a wide range of world class industrial and consumer electrical products. The Company works in step with the Make in India initiative and has an extensive production and distribution network across India and the world.

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Havells India Share Price

1000.95 -5.60 (-0.56%) May 07, 18:03
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