Lloyd Electric initially started in the 80s in India and expanded to become the third biggest player in the country's air conditioner market with a 12% market share, following Volta's and LG. Over time, the company diversified to include televisions, washing machines, and air purifiers under its consumer durable division.
In today’s episode for 24th April 2024, we explain a SEBI order that highlights financial irregularities up the top brass at a formerly listed company called Lloyd Electric & Engineering.
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