Exide placement at Rs 153/shr

The shareholders of Exide Industries, at the EGM held today, have authorised the board of directors to offer up to 37,79,324 equity shares and/or instruments convertible into equity shares at Rs 153 per share on preferential basis.

According to a release issued to the BSE today, the shares will be issued to FIIs and/or mutual funds or investors as deemed fit by the board.