Burman Family Takeover Eveready: साल 1993 से अब तक खेतान समूह में शामिल बैटरी निर्माता कंपनी Eveready Industry की कमान अब डाबर इंडिया के प्रमोटर बर्मन परिवार के हाथों में आ गई है. समूह की कंपनी में हिस्सेदारी बढ़कर 38 फीसदी से ज्यादा हो गई…
Kolkata-based flashlight and battery manufacturer Eveready said in a regulatory filing on Tuesday that the Burman family, the promoter of Dabur India, has now become the promoter of Eveready Industries. The family-related entities, Puran Associates, VIC Enterprises, MB Finmart, Gyan Enterprises, and Chaudhary Associates, have jointly become 38.38 percent stake in Eveready Industries after the completion of the open offer in June.
Eveready Share Price Up or Down?
According to a report in Business Today, the Burman family’s investment firms acquired 14.55 percent of Eveready Industries’ share from the open market in June and now collectively hold the largest stake. It had already acquired a 23.83 percent stake in Eveready. In February 2022, the Burman Group had placed an open offer of Rs 604.76 crore to acquire around 1.89 crore shares of Eveready Industries, through various entities, at a price of Rs 320 per share.
Dabur India Vice-Chairman Mohit Burman, in an earlier statement amid the turmoil in The Eveready Company, had said that his intention was only to take control of the company in his hands. “This brand has a lot of capabilities, the future of the company looks good and we will take the business to a new level,” he said.
A recent report said that in the last two years, the promoters’ stake in Eveready has come down from 44.1 percent to 4.8 percent. The main reason for this was the loan default, due to which the lenders sold the pledged shares. Since then, discussions have been in full swing that the Burman family could take over the reins of the company.
Bm Khaitan Group’s control over Eveready was for the past 20 years. In 1993 Khaitan took it from Union Carbide India and later named it Eveready. It was only in March 2022 that Aditya Khaitan and Amrutanshu Khaitan, chairman and managing director (CMD) of Eveready Industries, resigned. Even in today’s era, there is a lot of demand for dry cell batteries and the company has a strong hold on the market.