Page 3 - Eveready Industries

IndusInd Bank acquires 7.82% stake in Eveready by invoking pledged shares

The bank invoked pledge on 56,83,320 shares forming 7.82 per cent of paid-up equity share capital of Eveready Industries

Eveready up 3% as India Ratings upgrades long term credit to 'IND BB+'

The upgrade reflects EIIL's improved liquidity position aided by deleveraging in 2HFY20, coupled with sustained profitability in FY20, India Ratings said in a press release

A white knight galvanises Eveready as company fights mounting debt

The Burmans of Dabur become the biggest shareholder in India's largest dry cell battery maker as the Kolkata-based promoters struggle to ring-fence their tea-to-engineering group

Khaitans likely to join hands with Burmans to run Eveready Industries

Promoters hope to ring-fence long-term interests of the firm via this partnership

Burman family increases stake in Eveready Industries by 8.48% to 19.84%

The latest increase in stake brings the Burman family holding in Eveready close to the promoter holding

Eveready hits 10% upper circuit on report of Dabur promoters picking stake

On NSE, under BL series, about 5.15 million shares, representing 7.07 per cent of total holding of Eveready Industries, changed hands at price of Rs 81.80 per share

Eveready betting on anti-China wave to boost flashlights business

A recent survey conducted by LocalCircles showed that 58% of respondents are willing to boycott Chinese firms while 42% want heavy import duties on Chinese goods to discourage their influx

Burman family increases holding in Eveready Industries to over 5%

Since the past four months, Guardian Advisors has been gradually increasing its shareholding

Eveready's Dec-quarter pre-tax profit jumps on asset sale to Rs 110 crore

The pre-tax profit, adjusted against the one-time land sale and separation costs, remained flat at Rs 21.20 crore

Eveready Ind soars 10% after Delhi HC permits sale of Hyderabad property

In September, the Calcutta High Court had restrained the company from transferring, alienating or encumbering any of its assets till the application filed by IL&FS was disposed of.

Relief for Eveready, McLeod Russel as Calcutta HC lifts stay on asset sale

The earlier injunction preventing such sales and was impairing the firms' ability to pay off their lenders outside the scope of NCLT

Eveready profit before tax drops 35.65% to Rs 20.79 crore in Sept quarter

Net profit dropped 27 per cent to Rs 18.11 crore

Eveready not under stress, working to revive profitability: Khaitan

Eveready managing director, Amritanshu Khaitan did not confirm a deal with Duracell but said that the company continues to look at opportunities and discuss various joint ventures or strategic tie-ups

Eveready Industries hits over 5-year low, stock tanks 75% in eight months

Eveready initiated discussion early this year with some companies, including Energizer and Duracell, to sell its battery business to pare debt

Eveready's plan to sell battery business to pare debt tied in legal knots

Battery division sell-off may be delayed

Eveready hits 5% lower circuit on report Duracell plans to buy co's assets

The American firm will only own the Eveready brand in India and become owners of an annual installed capacity of 1.5 billion batteries and over 20 million flashlights per year.

Eveready Industries sells Hyderabad land to Nuland Tech to reduce debt

Production in this factory at Moula Ali Industrial Development Area in Hyderabad had stopped in 2010 owing to economic unviability

Madhu Jayanti becomes pan-India player with Eveready's tea business buyout

While MJIL's Rs 55-cr packet tea business is limited to Maharashtra and Karnataka, Eveready's three tea brands are sold in 14 states; deal wll give MJIL access to 2,800 distributors

Price Waterhouse quits as auditor of Eveready over inter-company deposits

Auditor and Eveready disagreed on the recoverability of inter-corporate deposits given to group companies.

B M Khaitan Group companies plunge on bourses after ratings downgrade

Rating agency India Ratings and Research (Ind-Ra) downgraded the company's long term credit rating with the negative outlook.