The Board of Havells India in its meeting held today on 28 May 2024, has approved the execution of a Joint Venture Agreement in the ratio of 68.75:31.25, to be entered between its wholly-owned subsidiary company i.e. Havells International Inc (HII) with KRUT LED, LLC a company organized under the laws of the State of South Carolina, USA (Krut) into the share capital of Havells Lighting LLC.
Havells Lighing LLC (HLL) is currently a wholly owned subsidiary company of Havells International Inc incorporated in the state of Delaware, USA on 19 March 2024.
