Financial Services

Investment Banking

Standard Batteries Limited

Standard Batteries Limited is part of the Williamson Magor group based in Kolkata with diversified interest in batteries and tea. Standard Batteries Limited was engaged in the manufacture of lead acid batteries for cars and submarine batteries

The assignment involved sale of the lead asset batteries business of Standard Batteries Limited to Exide Industries Limited, part of the Rajan Raheja Group. The sale of the business was structured for a total consideration of Rs 1,500 mn.