India's Eveready surges on report Williamson Magor plans to sell co

Eveready Industries India

11/01/2019 07:15

** Shares of battery maker Eveready Industries India Ltd
 ERDY.NS  jump as much as 17.7 pct to 213.8 rupees, highest
since Oct 12
    ** Promoter B M Khaitan-led Williamson Magor and Co Ltd
 WILM.NS  is planning to sell Eveready Industries, Times of
India reported https://timesofindia.indiatimes.com/business/india-business/b-m-khaitan-rolls-out-sale-plan-for-flagship-eveready/articleshow/67478732.cms
 citing sources 
    ** Williamson Magor directly held 23.67 pct in Eveready and
unit Williamson Financial Services Ltd had 8.79 pct stake as of
Sept 30, 2018 - Bombay Stock Exchange data
    ** Shares of Williamson Magor hit the upper circuit, rising
as much as 20 pct to 64.2 rupees in their biggest intraday pct
gain since Aug 29, 2018
    ** Eveready's shares post their biggest intraday gain since
Feb 12, 2016; More than 3.1 mln Eveready shares change hands vs
30-day avg of over 86,800
    ** Eveready and Williamson Magor did not immediately respond
to Reuters' request for comment

 ((Reuters Messaging:
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Reuters Messaging: chandini.m.thomsonreuters.com@reuters.net))