Exide Industries Invests ₹100 Cr in Lithium-ion Cell Subsidiary

Exide Industries Limited has invested ₹99.99 crore in its wholly-owned subsidiary, Exide Energy Solutions Limited (EESL), on a rights basis. This investment is part of a larger approved fund infusion of up to ₹1400 crore to establish a greenfield lithium-ion cell manufacturing facility in Bengaluru. The total investment in EESL now stands at ₹4,902.23 crore, with Exide Industries maintaining its 100% shareholding. EESL is focused on manufacturing lithium-ion battery cells, modules, and packs for the electric vehicle and stationary applications market.