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

Global battery majors Duracell and Energizer are tipped to be in the race for a strategic partnership or a buyout of the battery business of Eveready Industries India from the Brij Mohan Khaitan stable, sources familiar with the development said. Some private equity players are also said to be interested.

The sources indicated that Eveready was expecting an enterprise valuation of around Rs 5,000 crore. Various options, including a partnership at the holding company level and even a slump sale of the batteries and flashlights business at a premium, are being considered, the sources said. 

A special purpose vehicle could also be