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Exide's profit rose 5.13% to 2.46 billion Indian rupees ($30.43 million) in the June-September quarter, compared with 2.34 billion rupees a year ago, the company said in an exchange filing.
In 1997, Exide Industries filed a lawsuit against Exide Technologies of the United States when the latter tried entering the Indian market, and both companies entered a prolonged legal battle that was heard by the Delhi High Court, which led to a 2012 verdict that Exide Industries was the legal owner of the Exide trademark in India.
Exide Technologies's Headquarters is located in Gennevilliers, France. Exide operates in approximately 80 countries around the world. [55] Exide operates three R&D facilities including one in the U.S. (Milton, Georgia), and two in Europe (Büdingen, Germany and Azuqueca, Spain). [55]
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In July 2009, the Company announced the acquisition of a 90% stake in India’s leading Uninterruptible power supply company, DB Power Electronics. [4] In September 2010, Chloride Group was fully acquired by Emerson Electric (joining the Emerson Network Power platform [5]) of the United States for US$1.5 billion. [6]
The first thing that drew my attention with Exide was its valuation -- the stock looks cheap. It recently sported a price-to-earnings (P/E) of roughly four, and a forward-looking P/E of just six ...
After ING's exit from India in January 2013, Exide Industries acquired the remaining 50% stake in ING Vysya Life Insurance, becoming the sole owner. [8] In May 2014, following approvals from the Insurance Regulatory and Development Authority (IRDA) and the Ministry of Corporate Affairs, the company was renamed Exide Life Insurance Company Limited (Exide Life Insurance). [9]
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