Exide Industries hikes stake in Exide Leclanche Energy

Exide Industries has further invested an amount aggregating to Rs 39 ,99 ,99 ,999 by way of subscription to the equity share capital of its subsidiary, Exide Leclanche Energy (hereinafter referred as 'JVC'). With the above investment, the equity shareholding of the company in JVC stands increased from 80.15% to 82.71% of the total paid-up share capital. 

Exide Industries was incorporated in January 1947 as Associated Battery Makers to purchase all or any of the assets of the business of manufacturers, buyers and sellers of and dealers in and repairers of electrical and chemical appliances and goods carried on by the Chloride Electric Storage Company.