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    Eveready back on investor radar driven by improved growth prospects

    Synopsis

    The latest sale of 1% stake by the Burman family in Dabur, which fetched around Rs 1,000 crore, is viewed as a step towards increasing holding in Eveready to over 50% from 43%, which may also result in reducing debt

    ET Intelligence Group: There are few who understand the Indian consumer industry better than the Dabur group. In a short span of less than six months, the family office of the Burmans, Dabur India’s promoters, have managed to turnaround Eveready Industries India, their largest acquisition. Its shares, after consolidating for several months, now trade close to the 52-week high following an upbeat growth guidance by the management. The latest sale
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    The Economic Times