In February, the Burmans had given a mandate to JM Financial Services to buy an additional 5.26% stake in Eveready from the market when it was holding 19.8% in the company. It has also made an open offer for an additional 26% stake in Eveready. The Burmans have been acquiring shares of Eveready as personal investment since 2020 and have said they will run Dabur and Eveready as distinct separate entities.from Industry-Economic Times
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