Delhi HC grants stay on McLeod Russel’s tea estate sale

In an order that can throw a spanner in the works of tea company McLeod Russel’s debt restructuring, the Delhi High Court has issued an injunction against any asset sale or capital restructuring by the company. The court,”in reference to a matter filed against certain promoters of the company with regard to certain alleged outstanding […]

Eveready to float FMCG joint venture with Indonesia-based Wings group

Battery and electrical goods maker Eveready Industries India said it will float a joint venture the Wings Group of Indonesia to enter the market of fast moving consumer goods (FMCG) in India. Eveready will acquire 30% shares in the new company, with the remaining held by Universal Wellbeing Pte. Ltd, part of the Wings Group. […]

Eveready, Surya Roshni to supply LED tubelights to Govt firm

Eveready Industries India and Surya Roshni Ltd said they received contracts to design and supply external batten LED tube lights on pan-India basis to Energy Efficiency Services Ltd., a joint venture of public sector unions of Power Ministry. Eveready said the total value of the contract will be around Rs 17.94 cr, while Surya Roshni said it will […]