Investment25 Mar 2026, 04:03 pm
Exide Industries Invests Rs. 450 Crores in Wholly Owned Subsidiary Exide Energy Solutions
AI Summary
Exide Industries Ltd. has invested Rs. 450,00,00,000/- in its wholly owned subsidiary, Exide Energy Solutions Limited (EESL), on rights basis. This brings the total investment by the Company in EESL to Rs. 4,802.23 crore. EESL is engaged in the business of manufacturing & selling lithium-ion battery cells, modules and packs for India's electric vehicle market and stationary applications.
Key Highlights
- Exide Industries has invested Rs. 450 crores in its wholly owned subsidiary, Exide Energy Solutions Limited.
- This investment brings the total investment by the Company in EESL to Rs. 4,802.23 crore.
- EESL is engaged in the manufacturing & selling of lithium-ion battery cells, modules and packs for India's electric vehicle market and stationary applications.
- EESL's total investment by Exide Industries Limited stands at Rs. 4,802.23 crore.
- EESL was incorporated on 24th March 2022 and is engaged in the business of manufacturing & selling lithium-ion battery cells, modules and packs.