Burmans to pay out shareholders, induct directors on Eveready board by July

On Thursday, the open offer in Eveready by Burman entities closed with the Burmans acquiring 14.3% shares. The total holding of the in the company now stands at 38.3%

The Burman Group will induct directors on the board of Eveready Industries India, the country’s largest dry cell battery maker, after paying out shareholders and transferring shares. The entire exercise is expected to be completed by July 5.

On Thursday, the open offer in Eveready by Burman entities closed with the Burmans acquiring 14.3 per cent shares. The total holding of the Burman Group in the company now stands at 38.3 per cent.

On the next steps in Eveready, Mohit Burman, who has been spearheading the family’s interest in the company said, “Now that the open offer has closed, we