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“As result of the overall growth of all businesses, the company’s market cap has remarkably increased to about a billion dollars from a low of under $100 million in March 2018,” the board said.
“We have to be very careful in what categories we enter because I still want Eveready to be a B2C business, which we are good at running. All our businesses are B2C businesses. And plus we want to get into categories which now do not have very strong sort of players.”
Mohit Burman, Member, Burman Family and Chairman, Dabur India, remains unfazed by the resistance from the Religare Enterprises Ltd board to their open offer, stating that acquiring Religare would add a crucial piece to their bouquet of financial products.
Recent revelations that Dr. Saluja sold Religare shares after meeting a Burman family representative just before the open offer was announced could have two serious consequences.