Business Update27 Dec 2023, 10:34 pm
Exide Industries Invests Rs. 39.99 Crore in Wholly Owned Subsidiary
AI Summary
Exide Industries Limited has invested Rs. 39,99,99,975 in its wholly owned subsidiary, Exide Energy Solutions Limited, through rights issue. The investment is part of the company's plan to expand its business in the electric vehicle market and stationary applications.,
Key Highlights
- Investment of Rs. 39,99,99,975 in wholly owned subsidiary
- Expansion of business in electric vehicle market and stationary applications