Investment22 Jul 2025, 05:45 pm
Exide Industries Invests Rs. 100 Crores in its Wholly Owned Subsidiary Exide Energy Solutions Limited
AI Summary
Exide Industries Limited (EIL) has invested Rs. 100,00,00,000/- in its wholly owned subsidiary, Exide Energy Solutions Limited (EESL), on 22nd July 2025. This investment is made by way of subscription in the equity share capital of EESL on a rights basis, bringing the total investment by EIL in EESL to Rs. 3,702.23 crore. EIL's shareholding in EESL remains unchanged at 100%. EESL is in the process of setting up a green field plant at Bengaluru for manufacturing and selling lithium-ion battery cells, modules, and packs for India’s electric vehicle market and stationary applications.
Key Highlights
- Exide Industries Limited has invested Rs. 100 crores in its wholly owned subsidiary, Exide Energy Solutions Limited.
- The investment is made on a rights basis, bringing the total investment by EIL in EESL to Rs. 3,702.23 crore.
- EIL's shareholding in EESL remains unchanged at 100%.
- EESL is setting up a green field plant at Bengaluru for manufacturing and selling lithium-ion battery cells, modules, and packs.
- The investment is to fund the requirements of EESL's new plant.