Exide Industries Fixes Record Date For Right Issue

Exide Industries Ltd has informed that the Rights Issue Committee at its meeting held on November 30, 2007, has fixed December 17, 2007, as the Record Date for reckoning the eligible shareholders who are entitled to apply to the Rights Issue of the Company of 5,00,00,000 fully paid equity shares with a face value of Re 1/- each for cash at a premium of Rs 29/- per shares (i.e. at a price of Rs 30/- per share) aggregating Rs 150 crores in the ratio of 1 (One) fully paid equity share for every 15 (Fifteen) fully paid equity shares (i.e., 1:15) of Re 1/- each.