Investment28 Jan 2026, 05:11 pm
Exide Industries Invests Rs. 50 Crores in Wholly Owned Subsidiary Exide Energy Solutions Limited
AI Summary
Exide Industries Limited (EIL) has invested Rs. 50,00,00,000/- in its wholly owned subsidiary, Exide Energy Solutions Limited (EESL), on 28th January 2026. This investment is a part of the equity share capital of EESL on a rights basis, bringing the total investment by EIL in EESL to Rs. 4,252.23 crore. EESL is engaged in the business of manufacturing & selling lithium-ion battery cells, modules and packs for India’s electric and stationary applications. The investment will be used to fund a green field plant at Bengaluru for manufacturing & selling lithium-ion battery cells, modules and packs business.
Key Highlights
- Exide Industries Limited has invested Rs. 50 crores in its wholly owned subsidiary, Exide Energy Solutions Limited.
- The total investment by Exide Industries Limited in EESL now stands at Rs. 4,252.23 crore.
- EESL is engaged in the business of manufacturing & selling lithium-ion battery cells, modules and packs for India’s electric and stationary applications.
- The investment will be used to fund a green field plant at Bengaluru for manufacturing & selling lithium-ion battery cells, modules and packs business.
- There is no change in the shareholding percentage of the Company in EESL pursuant to such an acquisition.