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Exide Industries acquires remaining 50% stake in ING Vysya Life Insurance Company

25 Mar 2013 Evaluate

Exide Industries has acquired the remaining 50% equity capital of ING Vysya Life Insurance Company (IVL) for an aggregate consideration of approximately Rs 550 crore. The company has acquired 26% shares from ING Group, 16.32% from the Hemendra Kothari Group and 7.68% from the Enam Group pursuant to regulatory approvals on March 22, 2013.

Consequently, ING Vysya Life Insurance Company has now become a 100% subsidiary of Exide. The company previously held 50% of the equity shares of ING Vysya Life Insurance Company.

Exide Industries manufactures the widest range of storage batteries in the world from 2.5 Ah to 20,400 Ah capacities, covering the broadest spectrum of applications. EIL is India’s largest producer of automotive and industrial batteries, with seven manufacturing plants strategically located across the country. Exide Industries has been a shareholder of ING Vysya Life Insurance since 2005.

Exide Inds Share Price

399.55 -3.65 (-0.91%)
05-Jun-2026 16:59 View Price Chart
Peers
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
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