Board of Exide Industries approves divestment of Exide Life Insurance

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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