UPDATE 1-Exide Inds board OKs rights issue, shares rise

Newswire

(Adds details, quotes, share price) MUMBAI, Aug 28 (Reuters) - Auto and industrial battery maker Exide Industries Ltd. plans to raise 1.5 billion rupees through a rights share issue to build its cash reserves amid a large capacity expansion, sending its shares up. The company on Tuesday said its board approved the issue of 50 million rights shares at 30 rupees each in the ratio of one rights share for every 15 held. Shares in the company, which touched a high of 60.15 rupees on the ...

Premium Content (PAID Subscription Required)

"UPDATE 1-Exide Inds board OKs rights issue, shares rise" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!


For WardsAuto.com pricing and subscription information please contact
Amber McLincha by email: amclincha@wardsauto.com or phone: (248) 799-2622
 

Current subscribers, please login or CLICK for support information.

Sponsored Introduction Continue on to (or wait seconds) ×