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Exide Industries Ltd. - Disclosure Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 ("LODR Regulations")

| Updated on January 07, 2019 Published on January 07, 2019

This is to inform you that the Company has agreed to invest upto 30% of total equity share capital in each of the three special purpose vehicle(s) viz., "CSE Solar Sunpark Haryana Private Limited", "CSE Solar Sunpark Maharashtra Private Limited" and "Greenyana Solar Private Limited" (hereinafter collectively called as Cleantech) aggregating upto Rs. 20.05 crores for setting up captive solar power projects for various manufacturing facilities of the Company. The projects will be set up with the Company as captive user and Cleantech as the power producer.
This arrangement is expected to reduce the overall cost of production.

Pdf Link: Exide Industries Ltd. - Disclosure Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 ("LODR Regulations")

Source : BSE - www.bseindia.com

Published on January 07, 2019
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