Eveready Industries India to set up JV with Universal Wellbeing

For manufacture and marketing of FMCG in India

Eveready Industries India has agreed to enter into a Joint Venture with Universal Wellbeing to engage in the business of manufacturing/importing and marketing of fast moving consumer goods (FMCG) in India, through a Joint Venture Company to be newly incorporated for the same.

EIIL shall acquire 30% stake in the Joint Venture Company. The initial paid up share capital of the JVC shall be Rs 25 crore.

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