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It was the first week of October, 2020. For the first time, promoter shareholding in Eveready fell below 5%, as banks and financial institutions continued to invoke and sell pledged shares of the battery maker for recovery of dues from McNally and McLeod.
Why Khaitans lost control of Eveready

Khaitan also said the company is concentrating on improving its profitability and reducing the leverage by selling of non-core assets.

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