Exide Industries is reportedly
planning to sell 26% stake in life insurance business. The company for this, is
in talks with Canada’s Manulife Financial Corp and Samsung Life Insurance
Company. The company has been looking for an equity partner in its life
insurance business after Dutch banking and insurance group ING sold its 26%
stake in the joint venture to the Indian partner in January. Friday, August 2, 2013
Epic Update : Exide Industries
Exide Industries is reportedly
planning to sell 26% stake in life insurance business. The company for this, is
in talks with Canada’s Manulife Financial Corp and Samsung Life Insurance
Company. The company has been looking for an equity partner in its life
insurance business after Dutch banking and insurance group ING sold its 26%
stake in the joint venture to the Indian partner in January. 
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