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Burman family increases stake in Eveready Industries by 8.48% to 19.84%

The latest increase in stake brings the Burman family holding in Eveready close to the promoter holding

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Sources confirmed that the shares were acquired on behalf of the Burman family and it was a strategic investment | Representative Image

Ishita Ayan Dutt Kolkata
The Burman family - promoters of Dabur - have increased the stake in Williamson Magor group-owned Eveready Industries India by 8.48 per cent, taking their total holding to a shade below 20 per cent.

In a regulatory filing on Tuesday, Guardian Advisors said that on behalf of its clients, GA and persons acting in concert (PAC), have acquired further shares in the company and its holding now stands at 19.8419 per cent equity stake in Eveready Industries India. The shares were bought in the open market.

The Eveready stock today surged 9.96 per cent on the Bombay Stock Exchange (BSE) and closed

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