Burmans step in to take control of Eveready, announce open offer

Company needs direction and the brand has immense potential: Mohit Burman

The Burman family – promoters of Dabur India – announced an open offer on Monday for a 26 per cent holding in the country’s largest dry cell battery maker, Eveready Industries India, a year and a half after it became the largest shareholder in the Brij Mohan Khaitan family-controlled company.

In a statement, Mohit Burman, vice-chairman Dabur India, said, “We have been monitoring the situation of the company and felt that now is an appropriate time to step in. The company needs direction and the brand has immense potential. We feel we will be able to add value and take