Vivo PMLA case, Delhi court has sought a report from Tihar authorities regarding the reported shifting of Lava International Managing Director Hariom Rai, arrested in a money-laundering case against Chinese smartphone maker Vivo
The budget smartphone has been priced at Rs 8,699 and goes on sale on July 14
The IPO comprises fresh issuance of equity shares worth Rs 500 crore and an offer for sale (OFS) component of 4,37,27,603 equity shares, according to the draft red herring prospectus (DRHP).
The Noida-based company has also launched the first mobile devices design centre in India with an initial investment of Rs 250 crore to roll out advanced products at price point suited for its target market, LAVA International Chairman and Managing Director Hari Om Rai told PTI in an interview.
The company currently has its first assembly unit Noida with a capacity of producing one million units per month.
Sanjeev Agarwal, Chief Manufacturing Officer, Lava International, said the company has ramped up capacity in Noida to a million devices per month and is working on two greenfield projects.
Domestic handset maker Lava on Friday said it is in discussions with various state governments to set up a new assembly unit that will entail an investment of about Rs 250 crore.
Lava has announced that it is now rolling out the Android 4.1 Jelly Bean update for the Iris 501. This brings a number of new features to the smartphone, with
Lava International has launched its Etab Connect tablet, which it claims offers users the dual benefit of calling and entertainment. The Etab Connect runs...
Lava International has launched the Iris 455 in India. The smartphone runs on Android 4.1 Jelly Bean and is powered by a 1GHz dual-core processor.
Lava seems to have stealthily launched the latest phone in its Iris line-upthe Iris 502. The phone is available online for Rs 8,499. The smartphone runs
Lava International has announced the launch of its latest smartphone, the Lava iris 501 that sports a 5-inch screen. The iris 501 has a 1 Ghz Dual Core