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Board of Exide Industries approves divestment of Exide Life Insurance

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Capital Market
Last Updated : Sep 03 2021 | 11:50 AM IST

At meeting held on 03 September 2021

The Board of Exide Industries at its meeting held on 03 September 2021 has considered and approved the divestment of the company's entire equity shareholding in Exide Life Insurance, a material wholly owned subsidiary of the company, by way of sale to HDFC Life Insurance Company for a consideration of Rs 6,687 crore.

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First Published: Sep 03 2021 | 8:51 AM IST

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