Fedders Lloyd plans retail foray into India

Cooling products maker Fedders Lloyd Corp. Ltd. said on Tuesday it plans to enter the retail segment under the 'Lloyd' brand name. It also plans to invest 500-600 million rupees for capacity expansion of air-conditioners and other consumer electronics products, the company said in a statement. Shares in the company ended 1.6 per cent down at Rs 119.05 in the Mumbai market.

Courtesy: EconomicTimes
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