Exide Industries has informed that the Board of Directors of the company at its meeting held today, has considered and subject to the approval of its shareholders, approved the divestment of the Company's entire equity shareholding in Exide Life Insurance Company, a material wholly owned subsidiary of the Company, by way of sale to HDFC Life Insurance Company Limited (Purchaser) for such consideration as set out in Annexure I (the Proposed Transaction). The Proposed Transaction is likely to enhance the value for the shareholders of the Company. In terms of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the disclosure for the said Proposed Transaction is enclosed as Annexure 1.
The above information is a part of company’s filings submitted to BSE.
Company Name | CMP |
---|---|
Exide Inds | 473.45 |
Amara Raja Energy | 1145.35 |
HBL Power Sys | 539.70 |
Eveready Inds. India | 332.15 |
Indo-National | 609.70 |
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