Prudential ICICI Mutual Fund A/C ICICI Prudential FMCG Fund has reportedly bought 4.7 lakh shares or 0.70% stake of Eveready Industries through the open market route. The shares were purchased on an average price of Rs 34.35, valuing the transaction to Rs 1.64 crore.
Eveready is largely involved in the production of batteries and lighting solutions, but is also in the tea business. It has a portfolio comprising ‘dry cell batteries (carbon zinc batteries, rechargeable batteries and alkaline batteries), flashlights (torches), CFLs (Compact Fluorescent Lamps) and packet tea.
