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Exide Industries to sell 26% stake in life insurance business: Report

02 Aug 2013 Evaluate

Exide Industries is reportedly planning to sell 26% stake in life insurance business. The company is in talks with Canada's Manulife Financial Corp and Samsung Life Insurance Company. The company has been looking for an equity partner in its life insurance business after Dutch banking and insurance group ING sold its 26 percent stake in the joint venture to the Indian partner in January.

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 Inds Share Price

329.10 -0.95 (-0.29%)
20-Apr-2026 15:19 View Price Chart
Peers
Company Name CMP
Exide Inds 329.10
Amara Raja Energy 765.00
HBL Engineering 775.00
Eveready Inds. India 302.85
Indo-National 326.55
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