Fri, Feb 26, 2021
Jefferies hosted Havells India in India Housing Summit. Business operations are resuming, though with some caution. Havells India strategy is to deepen product reach, with focus on B2C (75-80% of mix). Gradual revival signs are also visible in B2B now. Alternate distribution channels, E-Commerce and Rural, are gaining traction. Havells India is expanding capacities in Lloyd - Durables (Rs 3.2 bn capex).
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Tue, Feb 21, 2017
Naveen Trivedi, analyst at HDFC Securities said, “The revenue and EBITDA expected from Lloyd Consumer is Rs 1,850 crore and Rs 11,000 crore respectively for FY17. This deal is significant for Havells as Lloyd will contribute 30% and 13% to its FY17 revenue and EBITDA numbers.”
Mon, Feb 20, 2017
Standard Chartered Bank was the financial advisor and AZB & Partners were the legal advisors to the transaction.
Sun, Feb 19, 2017
"...(Havells')board has approved the acquisition of Lloyd Consumer Durable Business Division (Lloyd Consumer).The acquisition is proposed to be executed at an enterprise value of Rs 1,600 crores on a debt free, cash free basis subject to closing adjustments," the company said in a statement.
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