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Exide Industries, India acquires 100% of CCPS in its subsidiary JVC
On October 19, Exide Industries Limited' ('EIL') invested INR 250 million by way of subscription to the Compulsory Convertible Preference Shares (CCPS) of its subsidiary, "Exide Leclanche Energy Private Limited" (hereinafter referred to as 'JVC'). With this investment, EIL will hold 100% CCPS of the JVC. The equity s....
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