Investment24 Feb 2026, 05:32 pm
Exide Industries Invests Rs. 100 Crore in Wholly Owned Subsidiary Exide Energy Solutions
AI Summary
Exide Industries Ltd. has invested Rs. 100,00,00,000 in its wholly owned subsidiary, Exide Energy Solutions Limited (EESL), on 24th February 2026. This brings the total investment by the Company in EESL to Rs. 4,352.23 crore. EESL is engaged in the business of manufacturing and selling lithium-ion battery cells, modules, and packs for India's electric vehicle market and stationary applications. The investment will fund EESL's green field plant in Bengaluru and meet its various funding requirements.
Key Highlights
- Exide Industries has invested Rs. 100 crore in its wholly owned subsidiary, Exide Energy Solutions Limited.
- This brings the total investment by the Company in EESL to Rs. 4,352.23 crore.
- EESL is engaged in the business of manufacturing and selling lithium-ion battery cells, modules, and packs.
- The investment will fund EESL's green field plant in Bengaluru and meet its various funding requirements.
- EESL's paid up equity share capital as on date is Rs. 1,391.71 crore and net worth as on 31.03.2025 is Rs. 2,738.06 crore.