Himadri Speciality Chemical Increases Stake in IBC to 20.47%

Himadri Speciality Chemical Ltd has announced a further investment of USD 0.66 Million in International Battery Company, Inc. (IBC), increasing its total stake to 20.47% on a fully diluted basis. This follows an initial investment of USD 5.43 Million. The acquisition is strategic, providing Himadri access to IBC's manufacturing infrastructure in South Korea and its upcoming Gigafactory in Bengaluru, while IBC gains a reliable supply of critical battery materials from Himadri. This collaboration aims to accelerate the development of next-generation energy storage solutions for the mobility and energy storage sectors. The acquisition does not involve related parties, and the transaction was completed on June 18, 2026.