Exide Industries finalizes Tandon Metals acquisition

With reference to the earlier announcement dated October 04, 2007 regarding the Board of Directors of the Company had given their approval for investment in a Lead smelter upto Rs 25 crores, Exide Industries Ltd has informed that the Company has now finalized the acquisition of 100% shareholding in Tandon Metals Pvt Ltd, located near Pune, Maharashtra. This Company's core business is smelting of primary and secondary Lead. Tandon Metals Pvt Ltd is an unlisted Company.