Investment25 Sept 2025, 04:27 pm
Exide Industries Invests Rs. 80 Crores in Wholly Owned Subsidiary Exide Energy Solutions Limited
AI Summary
Exide Industries Limited (EIL) has invested Rs. 80,00,00,000/- in its wholly owned subsidiary, Exide Energy Solutions Limited (EESL), on rights basis. This brings the total investment made by the Company in EESL to Rs. 3,882.23 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 project and meet its various funding requirements.
Key Highlights
- Exide Industries Limited has invested Rs. 80 crores in its wholly owned subsidiary, Exide Energy Solutions Limited.
- This brings the total investment made by the Company in EESL to Rs. 3,882.23 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 project and meet its various funding requirements.
- EESL has allotted 2,00,00,000 nos. equity shares of Rs. 10/- each at a premium of Rs. 30/- per share to EIL.