B Raheja, Parekh exit Exide Board
SB Raheja has resigned from the Board of Directors of Rajan Raheja-controlled Exide Industries. SB Raheja, Rajan's brother, was a non-executive director in the battery major. According to a stock market notification, he resigned "due to personal reasons". With this development, HDFC Chairman Deepak Parekh also ceases to be a member of the Exide Board since Parekh was alternate director to SB Raheja.