Havells India, $1.2 billion enterprise and one of country’s fastest growing electrical and power distribution equipment companies, manufactures products ranging from building circuit protection, industrial & domestic switchgears, cables & wires, energy meters, fans, CFL lamps, luminaries for domestic, commercial & industrial application, and modular switches has attracted a $110 Million from Warburg Pincus, a global private equity firm.
Havells will issue fresh shares and warrants to Warburg Pincus, representing approximately 11.2 per cent of the fully diluted share capital of the company.
SSKI (a subsidiary of IDFC) was the financial advisor and Amarchand Mangaldas provided legal advice to Warburg Pincus on this transaction.Havells owns prestigious global brands like Crabtree (Indian Region), Sylvania, Lumiance and Zenith, among others.
Read more in The Business Standard article.
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