Burman family increases holding in Eveready Industries to over 5%

At a time when the Williamson Magor Group-owned Eveready Industries is reeling from financial crisis at the group level, the Burman family of Dabur has increased its stake in the firm to 5.01 per cent.

Since the past four months, Guardian Advisors has been gradually increasing its shareholding. This portfolio management firm, owned by Arjun Lamba and others, manages investment for the Burmans, besides others. Sources said Guardian Advisors had invested in Eveready on behalf of the Burman family.

In a regulatory filing this month, Guardian Advisors said its investment in Eveready was on behalf of its clients and the