Exide looking to buy out INGs 26% stake in Indian insurance venture: sources

Battery-maker Exide Industries is looking to buy out ING’s 26 per cent stake in its Indian life insurance venture, ING Life, two sources close to the development told NDTV. The company has submitted its proposal to the insurance regulator, the Insurance Regulatory and Development Authority or IRDA, to buy out the stake and become the majority shareholder, the sources added. Read more