Investment25 Nov 2025, 04:35 pm
Exide Industries Invests Rs. 75 Crores in Wholly Owned Subsidiary Exide Energy Solutions Ltd
AI Summary
Exide Industries Ltd has invested Rs. 75,00,00,000 in its wholly owned subsidiary, Exide Energy Solutions Ltd (EESL), on rights basis. This brings the total investment by Exide Industries in EESL to Rs. 4,022.23 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 investment will fund EESL's green field plant at Bengaluru and meet its various funding requirements.
Key Highlights
- Exide Industries has invested Rs. 75 crores in its wholly owned subsidiary, Exide Energy Solutions Ltd (EESL)
- This brings the total investment by Exide Industries in EESL to Rs. 4,022.23 crore
- EESL is engaged in the business of manufacturing & selling lithium-ion battery cells, modules and packs
- The investment will fund EESL's green field plant at Bengaluru and meet its various funding requirements