Business Standard

Dabur's promoters may soon become strategic partner of Eveready Industries

The BM Khaitan family have been controlling the company for 25 years

Dabur India
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The company posted a net profit of Rs 16.74 crore in the fourth quarter of the 2019-20 fiscal

Press Trust of India Kolkata
FMCG major Dabur's promoters, the Burman family, may soon become a strategic partner of the BM Khaitan group controlled Eveready Industries India Ltd (EIIL), as part of an ongoing restructuring, sources said on Tuesday.

The Burmans had already picked up 19.8-per cent stake in the dry cell battery major through market operations in the last 12-15 months. The last tranche of share purchase of 8.8 per cent took place recently through a block deal, they said.

The BM Khaitan family have been controlling the company for 25 years. It currently holds a little over 22 per cent stake in

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