Eveready Industries India Ltd initiates proceedings to recover ICDs

Eveready Industries India Ltd has initiated proceedings before the Hon'ble High Court at Calcutta on March 26, 2021, for recovery of certain amounts due, in respect of the Inter Corporate Deposits (ICDs) and other recoverables from Seajuli Developers and Finance Limited (Seajuli) and Babcock Borsig Limited, the principal outstanding of which, amounts to Rs. 270.80 Crores and Rs. 76.00 Crores, respectively, along with accrued interests thereon as well as for recovery of amount due in respect of Capital Advance for transfer of Leasehold rights of a property, from Seajuli, the outstanding of which amounts to Rs. 72.00 Crores along with interest thereon.

The above has no impact on the operations or day to day business of the Company.

Shares of EVEREADY INDUSTRIES INDIA LTD. was last trading in BSE at Rs.259.1 as compared to the previous close of Rs. 257.25. The total number of shares traded during the day was 423112 in over 1710 trades.

The stock hit an intraday high of Rs. 271.3 and intraday low of 259.1. The net turnover during the day was Rs. 112073393.

Source : Equity Bulls

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