Exide Industries Limited enters into SPA with Cleantech and Greenyana | EquityBulls

2022-12-13 05:55:46 By : Ms. Hu Belinda

Exide Industries Limited has entered into Share Purchase agreement between Cleantech India OA Pte Ltd. (Cleantech) and Greenyana Solar Private Limited (Greenyana) dated 30th December 2021, for sale of its entire equity shareholding in Greenyana by the Company in favour of Cleantech. Greenyana Solar Private Limited, one of the associate companies was formed to procure energy from the solar captive power plants to be set-up in the state of Haryana. Post the aforesaid sale, Greenyana Solar Private Limited has ceased to be Associate of the Company. The consideration to be received is Rs. 5,24,99,970/- (Rupees Five crore Twenty Four lakh Ninety-nine thousand Nine Hundred and Seventy only) towards 5,83,333 equity shares. Shares of Exide Industries Limited was last trading in BSE at Rs. 168.20 as compared to the previous close of Rs. 165.15. The total number of shares traded during the day was 220481 in over 3812 trades. The stock hit an intraday high of Rs. 168.50 and intraday low of 165.40. The net turnover during the day was Rs. 36953910.00.

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Exide Industries Limited enters into SPA with Cleantech and Greenyana | EquityBulls