Exide Industries Limited has invested around Rs 2 billion in its wholly owned subsidiary, Exide Energy Solutions Limited (EESL), to fund the setting up of a greenfield multi-gigawatt lithium-ion cell manufacturing facility in Bengaluru, Karnataka. The investment was made by way of subscription in the equity share capital EESL, on rights basis.
As part of this investment, the company was allotted 57,142,857 equity shares of Rs 10 each at a premium of Rs 25 per share on a rights basis, aggregating to Rs 2 billion.. With this investment, Exide Industries’ total investment in EESL stands at Rs 51.02 billion.
Earlier, in March 2026, Exide Industries Limited (EIL)made an investment of Rs 4.5 billion by way of subscription in the equity share capital of EESL. The company has allotted 112,500,000 equity shares of Rs 10 each at a premium of Rs 30 per share to EIL.
