Eveready Industries India Limited agreed to enter into a Joint Venture with Universal Wellbeing Pte. Ltd. to engage in the business of manufacturing/importing and marketing of fast moving consumer goods (FMCG) in India, through a Joint Venture Company to be newly incorporated for the same. EIIL shall acquire 30% shares of joint venture and shall have 2 directors, to be nominated by the company, out of 7 Directors on the Board of the JVC.