Exide Industries invests another ₹100 crore in its lithium-ion cell subsidiary

What happened

• Exide Industries subscribed to 2,85,71,428 equity shares of ₹10 each, at a premium of ₹25 per share, in a rights issue by its wholly owned subsidiary Exide Energy Solutions Limited (EESL). The investment comes to ₹99.99 crore.
• Its total investment in EESL now stands at ₹5,202.23 crore, and it still owns all of the subsidiary.
• The money goes to EESL's lithium-ion cell plant in Bengaluru, whose first 6 GWh phase was commissioned on 23 September. Separately, Exide said its board will meet on 4 November to consider results for the September quarter.

Why it matters

Good to know: In a rights issue a company offers new shares to its existing shareholders in proportion to what they already hold. When a parent owns the whole subsidiary, it is a simple way for the parent to put in more equity.

Key facts

Amount

₹99.99 crore

Shares

2,85,71,428 at ₹35 each (₹10 face value + ₹25 premium)

Total invested in EESL

₹5,202.23 crore

Q2 results board meeting

4 November 2026

Read the source

• Exide Industries invests Rs 100 crore in subsidiary Exide Energy SolutionsAutocar Professional
• Exide Industries invests ₹100 crore in battery subsidiary; to consider Q2 results on November 4Sahi

Exide Industries in the news before

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