Breaking News

You are here » Indian-Commodity  :  Investment  :  Havells India invests 100% in paid-up share capital of Promptec

08-Aug2018

Havells India invests 100% in paid-up share capital of Promptec

Havells India has invested 100% in the Paid-up Share Capital of Promptec, by purchasing the remaining Equity Shares. With this investment, Promptec has become a 100% wholly-owned subsidiary of the company with effect from August 8, 2018.

Havells India is a leading FMEG company (Fast moving electrical goods) with presence across India. Its product range includes Industrial & Domestic Circuit Protection Switchgear, Cables&  Wires,  Motors,  Fans,  Power  Capacitors,  Luminaires  for  Domestic,  Commercial  & Industrial applications, Modular Switches etc.


Related News

View all news

Dilip Buildcon emerges as lowest bidder for Metro Rail project in MP

Dilip Buildcon has been declared lowest (L-1) bidder by the Urban Administration and Development Department for a Metro Rail project in the state of Madhya Pradesh (MP) for design and construction of Elevated......

Fortune International acquires 36% stake in Fortune Stones

Fortune International has acquired 36.01% of equity shares of Fortune Stones pursuant to the acquisition of shares from existing shareholder done at arm length basis. The said transaction was made with......

Puravankara acquires stake in Devas Global Services LLP

Puravankara has acquired stake in Devas Global Services LLP. The entity has not conducted any business operation in the preceding 3 years. The percentage of shareholding is 99.99% along with provident......

Top News

View all news

CG Power's JV inaugurates HV, EHV factory in Indonesia

CG Power and Industrial Solutions' (CG) joint venture (JV) PT CPSI has inaugurated Indonesia's first High Voltage (HV) and Extra High Voltage (EHV) factory at the Modern Cikande Industrial Estate, Banten......

MCX inks MoU with Indian Cotton Federation: Report

Multi Commodity Exchange of India (MCX) has reportedly signed memorandum of understanding (MoU) with Coimbatore-based Indian Cotton Federation (ICF). The agreement is to facilitate potential collaboration......

RIL's telecom arm tops Fortune's 'Change the World' list

Reliance Industries' (RIL) telecom arm -- Reliance Jio -- has ranked as the top company globally on Fortune's 'Change the World' list that ranked companies using the profit motive to tackle social problems......