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Lloyd Electric & Engineering concludes sale of consumer durables business to Havells India

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Capital Market

For consideration of Rs 1550 crore

Lloyd Electric & Engineering announced that it has concluded the sale of Consumer Durable Business on slump sale basis to Havells India for a consideration of Rs 1550 crore. Further, Nipun Singhal has stepped down from the Directorship of the Company with immediate effect.

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First Published: May 09 2017 | 12:54 PM IST

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