InvestorQ : What are the larger learnings from the Eveready story?
Dawn Cherian made post

What are the larger learnings from the Eveready story?

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Mitali Bhutta answered.
2 weeks ago
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To be fair, it is the same old story and the same old lessons for corporates. Promoters must be cautious when pledging shares of their crown jewels to rescue group companies. Zee was a similar case. The basic thumb rule is to not pledge more than a certain percentage of shares held by promoters.

Ironically, it was the Khaitan family that had fought a pitched battle with the Wadia family in 1993 for control of Eveready (what was called Union Carbide at that point of time). One bad decision has cost them the company!

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