Eveready Industries hits four-year low; falls 12% in three days

According to disclosure, the promoter Williamson Magor & Co holdings in Eveready Industries declined by 0.24 percentage points to 23.43 per cent on invocation of shares.

Eveready Industries shares hit an over four-year low of Rs 156, down 5 per cent in the intra-day trade on Wednesday. It has fallen 12 per cent in the past three days after the company said its promoters' holding in the company declined due to invocation of shares. The stock of non-durable household products company was trading at its lowest level since November 14, 2014.

According to disclosure, the promoter Williamson Magor & Co holdings in Eveready Industries declined by 0.24 percentage points to 23.43 per cent after the invocation of shares.

The lenders sold 177,100 shares worth