Investment28 Oct 2025, 06:02 pm
Exide Industries Invests Rs. 65 Crores in Wholly Owned Subsidiary Exide Energy Solutions Limited
AI Summary
Exide Industries Limited has invested Rs. 65,00,00,000 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. 3,947.23 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. The current investment is to fund EESL’s green field project and meet its various funding requirements. EIL’s shareholding in EESL remains unchanged at 100%.
Key Highlights
- Exide Industries has invested Rs. 65 crores in its wholly owned subsidiary, Exide Energy Solutions Limited.
- The total investment by the Company in EESL now stands at Rs. 3,947.23 crore.
- EESL is engaged in the business of manufacturing & selling lithium-ion battery cells, modules and packs.
- The current investment is to fund EESL’s green field project and meet its various funding requirements.
- EIL’s shareholding in EESL remains unchanged at 100%.