Dabur's Burman family to promote Eveready Industries

11 Jul 2022 CW Team

According to a regulatory filing made by the Kolkata-based flashlight and battery manufacturer Eveready Industries, the Burman family, promoter of the FMCG major Dabur India, is now the promoter of the company. Following the conclusion of an open bid in June, family-affiliated companies Puran Associates, VIC Enterprises, MB Finmart, Gyan Enterprises, and Chowdry Associates now collectively own 38.38 percent of Eveready Industries.

According to a disclosure to bourses issued by the company in accordance with SEBI's takeover regulation, these firms "have become the promoter of the target company." The investment companies of the Burman family groups now together possess a majority of Eveready Industries after purchasing a 14.55 percent share from the open market in June. The family already owned a 23.83 per cent share in Eveready Industries before this. At a price of Rs 320 per share, payable in cash, the Burman group made an open offer in February of this year to purchase approximately 1.89 crore shares of Eveready Industries, or 26 per cent of the increased voting share capital, for Rs 604.76 crore.

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..