Burmans acquire 14.3% stake in Eveready Industries through open offer

The Burman family – promoters of Dabur India – have acquired 14.3 per cent shares in Eveready Industries India, the country’s largest dry cell battery maker, in an open offer that concluded on Thursday.

With this, Burmans’ holding in the company stands at 38.3 per cent. Mohit Burman, who has been spearheading the family's investment in Eveready, said that the open offer had concluded.

“Our shareholding has now gone to 38.3 per cent. We are happy with the outcome. We got 14.3 per cent shares in the offer,” he said.

The offer opened on June 3 and closed on Thursday.