Page 4 - Eveready Industries

Relief for Eveready, McLeod Russel as Calcutta HC lifts stay on asset sale

The earlier injunction preventing such sales and was impairing the firms' ability to pay off their lenders outside the scope of NCLT

Eveready profit before tax drops 35.65% to Rs 20.79 crore in Sept quarter

Net profit dropped 27 per cent to Rs 18.11 crore

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

Eveready Industries hits over 5-year low, stock tanks 75% in eight months

Eveready initiated discussion early this year with some companies, including Energizer and Duracell, to sell its battery business to pare debt

Eveready's plan to sell battery business to pare debt tied in legal knots

Battery division sell-off may be delayed

Eveready hits 5% lower circuit on report Duracell plans to buy co's assets

The American firm will only own the Eveready brand in India and become owners of an annual installed capacity of 1.5 billion batteries and over 20 million flashlights per year.

Eveready Industries sells Hyderabad land to Nuland Tech to reduce debt

Production in this factory at Moula Ali Industrial Development Area in Hyderabad had stopped in 2010 owing to economic unviability

Madhu Jayanti becomes pan-India player with Eveready's tea business buyout

While MJIL's Rs 55-cr packet tea business is limited to Maharashtra and Karnataka, Eveready's three tea brands are sold in 14 states; deal wll give MJIL access to 2,800 distributors

Price Waterhouse quits as auditor of Eveready over inter-company deposits

Auditor and Eveready disagreed on the recoverability of inter-corporate deposits given to group companies.

B M Khaitan Group companies plunge on bourses after ratings downgrade

Rating agency India Ratings and Research (Ind-Ra) downgraded the company's long term credit rating with the negative outlook.

B M Khaitan quits as Eveready Industries' chief, will be chairman emeritus

Khaitan, in 1993, outran the Wadias of Bombay Dyeing to buy Union Carbide India in a $96.5-million deal.

One-time voluntary retirement charge pulls down Eveready's Q3 profit by 99%

Company believes the voluntary retirement scheme will lead to recurring annualised savings of around Rs 15 cr

Eveready Industries extends rally on reports of promoter stake sale plan

The stock moved higher by 7% to Rs 219 on Monday, extending its Friday's 13% surge on the BSE in an otherwise weak market.

Duracell & Energizer eyeing partnership or buyout of Eveready biz: Sources

The sources indicated that Eveready was expecting an enterprise valuation of around Rs 5,000 crore

GST destocking drags Eveready Industries Q1 net down 39% to Rs 13.56 cr

This was particularly due to a general trend of de-stocking in the trade channels, the company said

Eveready Q4 net profit rises 12% to Rs 10 crore

Company's revenue from operations rose by 6.6% at Rs 317 cr

Eveready Industries plans tea business revamp, hive off into separate arm

Eyes JV partner in to-be-formed subsidiary, seeks Rs 10-15 cr investments a year in branding alone

Eveready Q3 net profit jumps 65% to Rs 35 crore

The company's new appliances business has registered a turnover of Rs 12 crore during the quarter

Eveready hope on new Assam unit

The company is spending a little over Rs 100 crore to set up this plant

Eveready Industries extends gain on stake hike by promoter

The stock was up 1.5% at Rs 218, extending its Thursday's 6% rally on the NSE.