Havells Acquired 100% Stake In Promptec
2018-08-08 Merger and Acquisitions Engineering Southern India
Havells India Limited informed that after the exercise of the Call Option, the company has now invested 100% in the Paid-up Share Capital of Promptec Renewable Energy Solutions Private Limited, by purchasing the remaining Equity Shares. With this investment, Promptec has become a 100% wholly-owned subsidiary of the company. Promptec is a Bangalore based entity engaged in marketing and manufacturing of LED products including street lighting, office lighting and Solar lighting.