Eveready Industries (EIIL) has agreed to enter into a Joint Venture (JV) with Universal Wellbeing to engage in the business of manufacturing/importing and marketing of fast moving consumer goods (FMCG) in India. EIIL shall acquire 30% shares of the Joint Venture Company to be newly incorporated for the same. Balance 70% shall be acquired by Universal Wellbeing.
Eveready Industries India (formerly known as Union Carbide India) is engaged in the manufacture of dry cell batteries and flashlights. It also manufactures tea under the brands Tez, Jaago, Premium Gold and Classic and insect repellents under the brand Eveready Poweron. The company was founded in 1905 and is based in Kolkata, West Bengal.
