Havell's India has approved the issue of Commercial Paper to Yes Bank for an amount of Rs 1.50 billion. Formal intimation containing prescribed disclosures under Regulation 30 is uploaded herewith.
Total volume of shares traded on the bourses today was lower by 70.47% to 551,626 compared with 22-day average volume of 1,867,881.
Havells India is the country's leading Fast Moving Electrical Goods (FMEG) manufacturer, producing a wide range of world class industrial and consumer electrical products. The Company works in step with the Make in India initiative and has an extensive production and distribution network across India and the world.
Shares of the company gained Rs 3.9, or 0.88%, to trade at Rs 444.95. The total volume of shares traded was 48,685 at the BSE (11.20 a.m., Monday).