The investment firms of the Burman family entities had acquired a 14.55 per cent share of Eveready Industries from the open market in June and now collectively own a majority stake.
After being at the helm of India’s largest battery and flashlight company for over two decades, the Khaitans are exiting Eveready to make room for the Burmans of FMCG giant Dabur India.
Dabur India Ltd CEO Mohit Malhotra said that the overall operating environment remained challenging throughout the quarter with unprecedented inflation of 13 per cent and subdued consumer sentiments.
As the polarising debate gathered steam, Abhijit Prasad, an advertising professional, said his industry is trying to show a world 'you want to live in', one that corrects inequality.
Various companies in the recent past have come out with advertisements that did not sit well with the citizens of the internet, or as they are called, netizens.