Exide Industries Limited
SBI Life Insurance entered Exide Industries with a new position of 1,28,20,509 shares, representing a 1.51% stake. The investment is valued at approximately ₹558.07 crore based on Exide Industries' share price of ₹435.20.
A leading manufacturer of storage batteries and allied products in India, Exide Industries operates across automotive, industrial, and consumer segments. The company produces lead-acid batteries, inverters, and renewable energy solutions for diverse applications ranging from vehicles to backup power systems. Its vertically integrated operations, established distribution network, and focus on innovation position it as a prominent player in India's battery manufacturing sector.
Joint venture between State Bank of India and BNP Paribas Cardif. Manages over Rs 4.7 lakh crore in total AUM with the flagship SBI Life Equity Fund alone holding over Rs 77,000 crore. One of India's largest private life insurers by AUM, with a multi-cap equity book deployed across ULIP and participating funds.