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


(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 ...

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