Eveready Industries India has executed an agreement for sale with Alwarpet Properties part of the Olympia Group, Chennai, for sale of its land situated Triuvottiyur Road, in Chennai in the state of Tamil Nadu, for a consideration of Rs 100 crore. The sale is expected to be completed within 4 -10 months, based on tangible milestones.
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.
