Strong Foray into Consumer durables sector by acquisition of Lloyd's consumer business: The company has announced the acquisition of consumer durable business from Lloyd electrical and engineering limited and feeders Lloyd corporation. The consumer durable business of Lloyd is engaged in sourcing, assembling, marketing anddistribution of consumer durables including air-conditioners, TVs, washing machines and other house hold appliances. Lloydis among the top three brands in Air conditioners category with very well network in Tier-1 and Tier-2 capital cities. Havells willacquire the consumer business infrastructure, people, distribution network including absolute ownership of intellectual property of brand Lloyd, logo, trademark etc.