Lloyd Electric & Engineering Limited (BSE:517518) is in talks to with Havells India Ltd. Havells is seeking to acquire consumer durables business of Lloyd Electric. Lloyd Electric and Engineering which is the third largest player in the Indian room air conditioners market reported revenues of INR 23.82 billion in 2015-2016, of which consumer durable business accounted for INR 13.84 15illion. The deal is likely to be at INR 15 billion.