Eveready Industries to start a Company with Universal Wellbeing, an Indonesian Conglomerate

Published on 01 Feb 2018 by Tushar

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Image Courtesy: EconomicTimes

Battery maker Eveready Industries is starting a company jointly with Indonesian conglomerate Universal Wellbeing Pte Ltd.

Eveready will own 30% in the joint venture, which will have an initial paid-up capital of Rs. 25 crore.

Khaitan & Co acted for Eveready with a team led by Partner Padam Khaitan along with Associate Partner Supratim Chakraborty, Senior Associate Prithwijit Gangopadhyay and Associate Nikita Bhuwania.

Shook Lin & Bok acted for Universal Wellbeing.

Source: BarandBench



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