The total investment made by Exide Industries in EESL stands to Rs. 2,852.24 crore
Exide Industries Limited has invested approx. Rs. 100 crore by way of subscription in the equity share capital of its wholly owned subsidiary, Exide Energy Solutions Limited (EESL) on rights basis.
With this investment, the total investment made by the company in EESL stands to Rs. 2,852.24 crore. There is no change in the shareholding percentage of the Company in EESL pursuant to such an acquisition.
EESL was incorporated on 24th March 2022 and is engaged in the business of manufacturing & selling lithium-ion battery cells, modules and packs for India's electric vehicle market and stationary applications.
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