Brand row settled, Exide Industries buys sole Indian plant of US namesake

All-cash deal be executed in next 30 days; Sources say move effectively marks the US-based company's exit from India

After settling the trademark dispute over the use of the ‘Exide’ brand name in an out of court settlement with the Indian arm of US-based Exide Technologies, Exide Industries, the market leader in batteries in India, is poised to take overBSE,  the former’s sole plant in this country.

Sources have knowledge of the development, claiming the move effectively marks the US-based company’s exit from India.

On Monday, Exide Industries told the BSE that it has signed an agreement with Tudor India -– the Indian arm of Exide Technologies -- to buy its movable and immovable assets of its factory in