Dabur's Burmans Set to Take Over Eveready
With the Competition Commission of India's nod, Dabur's Burman family is set to take over the Kolkata-based dry cell battery maker that has been under stress for years
Source: businesstoday.in
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Eveready takeover: Brij Mohan Khaitan's demise and Khaitan family's decline
The Kolkata-based family’s holdings dwindled in flagship entities since the demise of key founder Brij Mohan Khaitan in June, 2019.
Source: businesstoday.in
Burmans of Dabur may join Khaitans as promoters of Eveready
Burmans of Dabur may join Khaitans as promoters of Eveready Eveready Industries’ managing director Amritanshu Khaitan.Premium 3 min read Share Via Read Full Story MUMBAI : The Burman family, the single-largest investor in Eveready Industries Ltd with a 20% stake, may become joint promoters of the battery maker along with the Khaitan family, two people familiar with the talks between the two groups said. The shareholding of the Khaitan family plunged to just 4.5% from 44.1% over the past two years as lenders sold shares of Eveready pledged with them after the promoter group defaulted on paym...
Source: livemint.com