Burmans scale up holding to 20.07% in Eveready via open market purchases

A disclosure to the stock exchanges on Monday showed 88,683 shares translating to 0.12 per cent were bought on April 13 by Burman Group entities

Burman Group entities have bought shares of Eveready Industries India from the open market taking its holding in the company to 20.07 per cent.

A disclosure to the stock exchanges on Monday showed that 88,683 shares translating to 0.12 per cent were bought on April 13 by Burman Group entities — Puran Associates, VIC Enterprises, and M B Finmart. On April 18, the entities bought 76,534 shares or 0.11 per cent taking the total holding of the acquirers and persons acting in concert to 20.07 per cent.   

Sources indicated that the acquisition was in accordance with the purchase order placed by