Consumer Goods Newsletter May 8 to May 12, 2017

India Infoline News Service | Mumbai | May 13, 2017 10:00 IST

This week, “Blue Star Limited, a leading air-conditioning company on Wednesday informed that it expects to increase its AC sales by 30% as summer season looks promising this year. The rural demand is also likely to pick up in H2FY18, said a top official while speaking to a leading business channel.”

Top News

Havells to sell remaining 20% stake in unit HHL for € 34.5 mn

Havells India Limited on Thursday has announced the divestment proposal of HHL, a 100% subsidiary of the company, for the sale of its stake up to 100% in Felio Malta Limited (FML) to Shanghai Feilo Co. Limited or its Affiliates (FEILO) of which 80% of the divestment has been already concluded, said a published news report. Read More

Blue Star expects sales to grow 30% this summer

Blue Star Limited, a leading air-conditioning company on Wednesday informed that it expects to increase its AC sales by 30% as summer season looks promising this year. The rural demand is also likely to pick up in H2FY18, said a top official while speaking to a leading business channel. Read More

Havells India acquires consumer durable business of Lloyd

Havells India Limited, a leading fast moving electrical goods company on Monday informed of successfully completing the acquisition of consumer durable business division of Lloyd Electric and Engineering Limited. The company has carried out the acquisition at an enterprise value of Rs 1600 crores on a debt free, cash free basis, as per BSE filing. Read More

Disclaimer: The contents herein is specifically prepared by ‘Dalal Street Investment Journal’, and is for your information & personal consumption only. India Infoline Limited or Dalal Street Investment Journal do not guarantee the accuracy, correctness, completeness or reliability of information contained herein and shall not be held responsible.

 

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