Consumer Electricals major, Havells India is acquiring the consumer durables business of Lloyd Electric & Engineering Ltd.
Equity Value : INR 16,000 mn
EV/ EBIDTA : 14.5x
On 19 February 2017, Havells India (Havells) announced that it has entered into an agreement to acquire Lloyd’s consumer business in India for an Enterprise Value of INR 16 billion on a debt free and cash free basis. The acquisition will mark Havells foray into the consumer durables business in India. As a part of the transaction, Havells is acquiring Lloyd brand (includes logo, trademark) and the consumer durable business that includes its existing business, employees, consumer business infrastructure and distribution network.
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