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Exide Industries enters into SPA with Cleantech, Greenyana

01 Jan 2022 Evaluate

Exide Industries has entered into Share Purchase agreement (SPA) with Cleantech India OA (Cleantech) and Greenyana Solar (Greenyana) dated December 30, 2021, for sale of its entire equity shareholding in Greenyana by the Company in favour of Cleantech.

Greenyana Solar, one of the associate companies was formed to procure energy from the solar captive power plants to be set-up in the state of Haryana. Post the aforesaid sale, Greenyana Solar has ceased to be Associate of the Company. The consideration to be received is Rs 5.24 crore towards 5,83,333 equity shares.

Exide Industries was incorporated in January 1947 as Associated Battery Makers to purchase all or any of the assets of the business of manufacturers, buyers and sellers of and dealers in and repairers of electrical and chemical appliances and goods carried on by the Chloride Electric Storage Company.

Exide Inds Share Price

399.55 -3.65 (-0.91%)
05-Jun-2026 16:59 View Price Chart
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Company Name CMP
Exide Inds 399.55
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