in Eveready Industries India Ltd (EVEREADY) jumped over 14 percent on bourses through
mid-session after media reports quote that promoter BM Khaitan is likely to
sell its stake in Eveready Industries.
to media digest, the promoter, which owns 45 percent stake in the Eveready, has
reportedly mandated Kotak Bank for the potential sale.
to this development, at 11.15 hours, EVEREADY was demonstrating Rs 208.25 per
share, up by 14.70% on the NSE. The scrip opened at Rs192.10 and touched a high
of Rs213.80 and low of Rs192.10 during trade.
Industries India Ltd is the world’s third largest player of carbon zinc
batteries, selling over a billion units a year. It is also country’s
largest selling brand of dry cell batteries and flashlights with dominant