Exide Inds may sell 26% stake in life insurance unit: report

India Infoline News Service | Mumbai |

Reports stated that the company is looking for equity partner in its life insurance business.

According to reports, Exide Industries is in talks with Manulife Financial Corp as well as Samsung Life Insurance Co to sell a 26% stake in its life insurance unit, according to reports.

Reports stated that the company is looking for  equity partner in its life insurance business.

Exide is seeking capital for investment.

BSE 204.65 0.40 (0.20%)
NSE 204.80 0.65 (0.32%)

***Note: This is a NSE Chart

 

Advertisements

  • Save upto Rs.2.67 lakh with Pradhan Mantri Awas Yojana ...Know more
  • Now Save Rs.3150 on your Demat Account ...Click here
  • Now get IIFL Personal Loan in just 8* hours...APPLY NOW!
  • Get the most detailed result analysis on the web - Real Fast!
  • Actionable & Award-Winning Research on 500 Listed Indian Companies.