Havells to buy Lloyd's consumer durable biz for ₹1,600 crore

Electrical goods major Havells India on Sunday said it will acquire the consumer durable business of Lloyd Electric & Engineering for about ₹1,600 crore. The acquisition will mark Havells’ foray into consumer durables industry. Havells will acquire the consumer business infrastructure, people and distribution network including right to all intellectual property of brand Lloyd, logo, and trademark.