Exide Industries trades in green as its arm inks lease cum sale agreement with KIADB

Exide Industries is currently trading at Rs. 156.40, up by 0.30 points or 0.19% from its previous closing of Rs. 156.10 on the BSE.

The scrip opened at Rs. 157.50 and has touched a high and low of Rs. 158.00 and Rs. 155.00 respectively. So far 125334 shares were traded on the counter.

Exide Industries
Exide Industries

The BSE group ‘A’ stock of face value Rs. 1 has touched a 52 week high of Rs. 202.95 on 03-Sep-2021 and a 52 week low of Rs. 130.30 on 20-Jun-2022.

Last one week high and low of the scrip stood at Rs. 158.00 and Rs. 149.40 respectively. The current market cap of the company is Rs. 13243.00 crore.

The promoters holding in the company stood at 45.99%, while Institutions and Non-Institutions held 28.23% and 25.78% respectively.

Exide Industries’ owned subsidiary — Exide Energy Solutions has executed the lease cum sale agreement for procuring land parcel admeasuring 80 acres at Hitech, Defence & Aerospace Park, Phase-2 in Bengaluru with Karnataka Industrial Areas Development Board (KIADB). The land will be used to set up state-of-the-art green field multi-gigawatt Li-ion battery cell manufacturing facility for the new-age electric mobility and stationary application businesses in India.

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.

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