Post divestment of Sylvania in FY16, Havells was scouting for an acquisition in the consumer durable space where it has no presence. Acquisition of LEEL's consumer business would help Havells to foray into the white goods category with a new product profile such as air conditioners, LED TV, washing machines, air coolers, etc. Under the CD category, LEEL recorded a 59% YoY increase in sales during FY16 to | 1384 crore supported by addition of new products and dealer push strategy, which led to a decline in EBIT margin by ~340 bps YoY to 7.6%....