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.
| Company Name | CMP |
|---|---|
| Exide Inds | 399.55 |
| Amara Raja Energy | 850.25 |
| HBL Engineering | 794.85 |
| Eveready Inds. India | 332.95 |
| Indo-National | 361.30 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: