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

Shareholders at the annual general meeting of Eveready Industries India voiced concerns over a proposed deal with Duracell for sale of battery business on a slump sale basis.

One of the shareholders points out that a slump sale will not benefit minority shareholders. “If the battery business is hived off and shareholders are issued shares in the new firm then it would be different,” he says.

Other shareholders, however, felt the business should be kept with the group as it would add value. “What would be left with the 

company if the battery business is sold,” a shareholder questions.

Eveready Managing Director (MD) Amritanshu