Havells India is trading advanced by 3% to Rs 653 after electric
tools and product manufacturer said that it has gone into a revised
trademark license agreement with one of its advertiser companies
QRG Enterprises, which possess the brand name/trademark
"QRG Enterprises Ltd, one of the company's promoter,
which also have the brand name/trademark 'Havells', has
gone through a revised trademark license agreement with the
corporation pursuant to which the brand will be moved to the
company for no reflection with consequence from April 01,
2016," Havells India said in an announcement.
The presented trademark license agreement amongst the companies is
going to expire in fiscal year 2015-16, it added. Havells India
Limited is a $1.3 billion most important fast stirring electrical
goods (FMEG) company and a key power distribution tools
manufacturer with a strong universal footprint. It has 10
manufacturing services in India in different states, including
Himachal Pradesh, Uttar Pradesh and Rajasthan.
The stock has opened at Rs 639 and tapped high of Rs 657 on the
NSE. A joint 59,488 shares have tainted hands on oppose so far on
both the exchanges.
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