Eveready Industries (click here to view this on our SNAP Analytics Tool) – is the flagship company of the B.M. Khaitan Group. The brand Eveready has been present in India since 1905.
EIIL’s principal activities are the manufacture and market of batteries, flashlight cases, and electrolytic manganese dioxide and arc carbons. It also manufactures photo-engravers plates/strips for printing, castings, hard facing and tube rods, carbon electrodes and other related products. The company also produces and markets tea. The Group’s operating facilities are located at Kolkata, Chennai, Hyderabad, Noida, Gurgaon and Navi Mumbai.
Goldman Sachs Asset Management which held 2,342,981 shares representing 3.223% of the share capital, reduced its stake by 200,000 shares or 0.275% on the 26-May. The fund did not disclose the price at which this transaction was initiated.
The fund’s new reduced stake is 2,142,981 shares representing 2.948%.
Nothing in this newsletter is financial advice and should not be construed as such. Please do not take trading decisions based solely on the matter above; if you do, it is entirely at your own risk without any liability to Capital Mind. This is educational or informational matter only, and is provided as an opinion.