Eveready Industries India Limited

One of India's leading manufacturers of dry cell batteries, Eveready Industries produces batteries, flashlights, lighting solutions, and home appliances for consumers across the country. Incorporated in 1934, the company has built a strong presence in the consumer durables sector through its diversified product portfolio, established brand recognition, and extensive distribution network. The company serves residential and commercial customers through retail and wholesale channels.

The President of India holds promoter and strategic stakes on behalf of the Government of India in over 70 listed PSUs spanning oil and gas, banking, defence, mining, power and infrastructure, with aggregate market value in the tens of lakhs of crores. Disclosed stake changes typically signal divestment, OFS or strategic sale activity rather than market views, but materially impact float and price discovery in PSU stocks.