 "Eveready")
In a bid to reduce its debt, B.M. Khaitan Group’s flagship company, Eveready Industries concluded an agreement with Nuland Technologies, for sale of its land in Hyderabad for a consideration of Rs 100 crore.
Production in this factory at Moula Ali Industrial Development Area in Hyderabad had stopped in 2010 owing to economic unviability.
This is the second time the company has concluded an agreement to sell its land to raise money which will help reduce its debt. In December last year, it had sold its land in Chennai to Olympia Group for Rs. 100 crore.
“The proceeds from this
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