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
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.
Health tech – will innovation mitigate the existing gaps?
by Nandini Agarwal
Ever thought of a wearable band that would be capable of monitoring key
body statistics or a mobile app which would act as a personal coach for
fitness? Sounds a bit too much for things we never know were possible...
It has been a nervous month for the professionals working for internet
and ecommerce companies in India. Shutdowns and layoffs have been the
flavour of the month, and business models have come under scrutiny.
Digital healthcare – healthcare in the hands of the patient
by Vikram Bihani
With the fast changing digital world, time has come to transform the way
we view healthcare. In recent years, the healthcare industry has been
significantly impacted by the increasing demands of digital consumers...