Exide Industries Limited invested Rs. 450 crore in wholly owned subsidiary Exide Energy Solutions Limited on 25th March 2026 via rights issue.
Total cumulative investment in EESL now stands at Rs. 4,802.23 crore; EIL's 100% shareholding remains unchanged.
EESL is setting up a greenfield lithium-ion battery cell manufacturing plant in Bengaluru funded by this equity infusion.
EESL reported a loss after tax of Rs. 209.12 crore and turnover of Rs. 116.89 crore for FY2024-25.