Investment20 Aug 2025, 04:19 pm
Exide Industries Invests Rs. 100 Crores in 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 rights basis. This brings the total investment by EIL in EESL to Rs. 3,802.23 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 at Bengaluru and meet its various funding requirements.
Key Highlights
- Exide Industries Limited has invested Rs. 100 crores in its wholly owned subsidiary, Exide Energy Solutions Limited.
- This investment brings the total investment by EIL in EESL to Rs. 3,802.23 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 at Bengaluru and meet its various funding requirements.
- EIL’s shareholding in EESL remains unchanged at 100%.