Exide Industries invests ₹200 crore into lithium-ion cell subsidiary

A big Indian battery company called Exide Industries is giving extra money to one of its own companies, Exide Energy Solutions Ltd, which is also called EESL.

The money is about ₹200 crore.

This extra money will help build a huge new factory in India.

The factory will make lithium-ion cells, which are like the reusable batteries used in phones, laptops, and electric cars.

Exide got new shares of EESL in return for giving the money.

It bought 5.71 crore shares, each share costing ₹10 plus a ₹25 extra fee.

The money was given on August 18.

Building this factory is important because India wants to make more batteries at home.

This news was part of a list of stocks people are watching before August 19.

Other companies on the list include ONGC, BPCL, and Balkrishna Industries.