Key Developments: Exide Industries Ltd (EXID.NS)

EXID.NS on National Stock Exchange of India

162.90INR
28 Aug 2014
Price Change (% chg)

Rs-1.40 (-0.85%)
Prev Close
Rs164.30
Open
Rs165.85
Day's High
Rs167.00
Day's Low
Rs162.35
Volume
3,606,906
Avg. Vol
2,822,951
52-wk High
Rs171.90
52-wk Low
Rs99.00

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Latest Key Developments (Source: Significant Developments)

Exide Industries declares interim dividend
Monday, 21 Jul 2014 06:38am EDT 

Exide Industries Ltd:Declares an interim dividend for the year 2014 - 15 of 1.50 indian rupee Per share (150pct on the face value of 1 indian rupee each).  Full Article

Exide Industries Ltd Board recommends final dividend
Friday, 25 Apr 2014 04:08am EDT 

Exide Industries Ltd:Board recommends final dividend of 70 pct (0.70 Indian rupees per equity share of face value of 1 Indian rupees per share) for the financial year ended March 31 subject to approval of the shareholders at the ensuing annual general meeting.Consequently, the total dividend for the year ended March 31 including the interim dividend of 110 pct (1.10 Indian rupees per equity share of face value of 1 Indian rupees each) paid during the year amounts to 180 pct (1.80 Indian rupees per equity share of face value of 1 Indian rupees each).  Full Article

Exide Industries Ltd declares Interim Dividend
Wednesday, 23 Oct 2013 03:21am EDT 

Exide Industries Ltd announced that the Board of Directors of the Company at its meeting held on October 23, 2013, inter alia, has approved the payment of an Interim Dividend for the financial year 2013-2014 @ 110% i.e., INR1.10 per equity share of INR1.00 each.  Full Article

Exide Industries Ltd In Talks With Manulife Financial Corp And Samsung Life Insurance Co Ltd To Sell Insurance Unit Stake-Reuters
Friday, 2 Aug 2013 05:57am EDT 

Reuters reported that Exide Industries Ltd is in talks with Manulife Financial Corp as well as Samsung Life Insurance Co Ltd to sell a 26% stake in its life insurance unit.  Full Article

Exide Industries Ltd Announces Senior Management Changes
Monday, 29 Apr 2013 04:32am EDT 

Exide Industries Ltd announced that the Mr. T. V. Ramanathan, Managing Director and Chief Executive Officer (CEO), will retire from the services of the Company with effect from the close of business of April 30, 2013. Mr. P. K. Kataky, presently Director-Automotive, has been appointed as Managing Director and CEO with effect from May 01, 2013.  Full Article

Exide Industries Ltd Recommends Final Dividend
Monday, 29 Apr 2013 03:58am EDT 

Exide Industries Ltd announced that the Board of Directors of the Company at its meeting held on April 29, 2013, inter alia, has recommended payment of a final dividend of 60% (INR0.60 per share on face value of INR1 per share) for the financial year ended March 31, 2013, subject to approval of the shareholders at the ensuing Annual General Meeting, Consequently, the total dividend for the year ended March 31, 2013 including the interim dividend of 100% (INR1.00 per share on face value of INR1 each) paid during the year amounts to 160% (INR1.60 per share on face value of INR1 each).  Full Article

Exide Industries Ltd Announces Acquisition Of ING Vysya Life Insurance Company Limited
Friday, 22 Mar 2013 03:29am EDT 

Exide Industries Ltd announced that the Company previously held 50% of the Equity Shares of ING Vysya Life Insurance Company Limited (IVL). The Company has pursuant to regulatory approvals on March 22, 2013 acquired the remaining 50% of the equity capital of IVL (26% from ING Group, 16.32% from the Hemendra Kothari Group and 7.68% from the Enam Group) for an aggregate consideration of approximately INR5.5 billion. Consequently, ING Vysya Life Insurance Company Limited has now become a 100% subsidiary of Exide.  Full Article

Exide Industries Ltd Gets CCI Nod For Stake Buy In ING Vysya Life Insurance-Business Standard
Thursday, 21 Feb 2013 08:42am EST 

Business Standard reported that fair trade regulator CCI has given the green signal to battery maker Exide Industries Ltd's proposal to fully acquire ING Vysya Life Insurance Company, saying the deal will not adversely impact competition. Exide which presently has a 50 per cent stake in the life insurance company would pick up the remaining holding from ING International and the Indian shareholders. As of now, Netherland-based ING International holds 26% stake in ING Life, while 24% is held by certain Indian shareholders. Exide has proposed to pay about INR5.5 billion for 50% stake, thereby valuing ING Vysya Life at about INR11 billion The battery maker had approached CCI for approval on January 29, 2013.  Full Article

Exide Industries Ltd To Acquire Remaining 50% Of Equity Capital Of ING Vysya Life Insurance Company Ltd
Wednesday, 23 Jan 2013 06:09am EST 

Exide Industries Ltd announced that the Company, which currently owner of 50% of the equity capital of ING Vysya Life Insurance Company Limited (IVL), has in principle decided to acquire the remaining 50% of the equity capital of IVL (26% from ING Group, 16.32% from the Hemendra Kothari Group and 7.68% from the Enam Group) for an aggregate consideration of INR550 crores (INR5.5 billion) approximately.  Full Article

Exide Industries Ltd Declares Interim Dividend
Friday, 19 Oct 2012 03:16am EDT 

Exide Industries Ltd announced that the Board of Directors of the Company at its meeting held on October 19, 2012 has approved the payment of an Interim Dividend at 100% that is INR1 per equity share of INR1 each for the financial year 2012-2013.  Full Article

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