With reference to earlier announcement dated January 28, 2010, regarding the proposed Scheme of Arrangement of the Company, Havells India Ltd has now informed BSE that the Company viz. Havells India Ltd has acquired a 100% equity stake in Seven Wonders Holidays Pvt Ltd. The said Company has now become a wholly owned subsidiary of Havells India Ltd. It would carry on the electrical business proposed to be acquired from Standard Electricals Ltd, a Company under the same management as that of Havells India Ltd.
Source: BSECourtesy moneycontrol.com
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