Exide invests ₹100 Cr more in subsidiary EESL; total investment ₹5,202 Cr

Exide Industries Ltd (EIL) has invested an additional ₹99,99,99,980 (approximately ₹100 crore) in its wholly-owned subsidiary, Exide Energy Solutions Limited (EESL), on September 29, 2026. This investment was made through a rights issue for equity share capital. With this latest infusion, EIL's total investment in EESL has reached ₹5,202.23 crore, maintaining its 100% shareholding. EESL, established in March 2022, is focused on manufacturing and selling lithium-ion battery cells, modules, and packs for electric vehicles and stationary applications. The funds will support EESL's greenfield plant in Bengaluru. As of March 31, 2026, EESL reported a net worth of ₹3,991.06 crore, turnover of ₹157.56 crore, and a loss after tax of ₹248.16 crore.