Electrical equipment maker Havells India today said it will increase its stake in Bengaluru-based Promptec Renewable Energy Solutions to up to 70 per cent for an undisclosed sum.
“A tripartite agreement has been signed among the company viz. Havells India, Promptec Renewable Energy Solutions, a subsidiary where the company holds 51 per cent stake and the shareholders of Promptec, whereby the company has agreed to acquire up to 70 per cent stake in the paid-up share capital of Promptec,” Havells India said in a BSE filing.
In a separate filing, Havells said it is launching solar solutions including solar power generating systems, home lighting kits, solar pumps, solar street lights etc.