Eveready Industries initiates recovery proceedings of Rs4.12cr from McNally; Stock sheds 2%

The current market cap of the company is Rs2,611.03cr.

Sep 20, 2021 02:09 IST India Infoline News Service

Eveready Industries Ltd has informed that the Company has initiated proceedings before the Hon'ble High Court at Calcutta on September 15, 2021, for recovery of an amount of Rs4.12cr being interest amount due from McNally Bharat Engineering Company Limited (McNally) in respect of Inter Corporate Deposits (ICDs) earlier given to McNally, the principal amount of which has been repaid.

The above has no impact on the operations or day to day business of the Company, said company in a regulatory filing.

At around 2:32 PM, Eveready Industries was trading at Rs351.95 apiece down by Rs7.3 or 2.03%.

Previously, the scrip finished at Rs359.25 apiece on the BSE.

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