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Havells to acquire Lloyd's consumer durable biz for Rs 1,600 crore

Havells to acquire Lloyd's consumer durable biz for Rs 1,600 crore

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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