Business Standard

Havells India rises on revising trademark license agreement

QRG Enterprises which owns the brand name/trade mark ?Havells?, has entered into a revised trademark license agreement with the company.

Related News

is trading higher by 3% to Rs 653 after electric equipment and product maker said that it has entered into a revised trademark license agreement with one of its promoter companies - , which owns the brand name/ trade mark ‘Havells’.

“QRG Enterprises Ltd, one of the company’s promoter, which also owns the brand name/trade mark ‘Havells’, has entered into a revised trademark license agreement with the company pursuant to which the brand will be transferred to the company for no consideration with effect from April 01, 2016,” Havells India said in a statement.

The existing trademark license agreement between the companies is expiring in financial year 2015-16, it added.

Havells India Limited is a $1.3 billion leading fast moving electrical goods (FMEG) company and a major power distribution equipment manufacturer with a strong global footprint. It has 10 manufacturing facilities in India in various states, including Himachal Pradesh, Uttar Pradesh and Rajasthan.

The stock opened at Rs 639 and touched high of Rs 657 on the NSE. A combined 59,488 shares have changed hands on the counter so far on both the exchanges.

Read more on:   
|
|

Read More

Trading Strategies: Suzlon Energy, Unity Infra, Titan Industries

Check out how key stocks stakc up on the technical parameters with Ravi Nathani, technical analyst, Nsetoday.com.

Quick Links

 

Market News

Cardamom up 0.7% on strong demand

Spice for delivery in June gained 0.38%

Palm oil down 0.3% on subdued demand

Oil for delivery in May traded lower by 0.15%

Natco extends gains on US court ruling over generic Copaxone

US Supreme Court ruling paved the way to launch generic version of Teva's Copaxone

Shasun Pharma zooms 40% in three days ahead of board meeting

The board is scheduled to meet today to consider issuing convertible warrants/equity shares on a preferential basis to the promoters.

Mentha oil up 0.4% on pick-up in demand

Oil for April contract traded higher by 0.45%

Back to Top