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

The Burman family — the promoters of Dabur India — may join hands with the Khaitans of Williamson Magor Group to manage the country’s largest dry cell battery maker, Eveready Industries India.

A source close to the development said, “The Burmans’ shoring up their holding could pave the way for a partnership between the two families to jointly run the firm.” 

After the last tranche of share purchase of 8.48 per cent by the Burmans about a week back, the promoter holding in Eveready slipped below theirs. At present, the Burman family holding is at 19.84 per cent while promoters of Eveready