Investment25 Jan 2024, 11:08 pm
Exide Industries Invests Rs 50 Crore in Wholly Owned Subsidiary
AI Summary
Exide Industries Limited has invested Rs 50,00,00,023 in its wholly owned subsidiary Exide Energy Solutions Limited through rights issue. The investment will be used for the setting up of a plant for manufacturing lithium-ion battery cells, modules, and packs.,
Key Highlights
- Rs 50 crore investment in Exide Energy Solutions Limited
- Wholly owned subsidiary
- Lithium-ion battery cells, modules, and packs
- Rights issue