Archive · 21 Aug 2025
Exide Industries Shares Rise After ₹100 Crore Investment in Subsidiary
Exide Industries, a battery maker, invested ₹100 crore in its subsidiary, Exide Energy Solutions (EESL), causing a small increase in its stock price.
This investment will help EESL build a factory in Bengaluru to make batteries for electric vehicles.
The new money will help build the factory and keep things running smoothly.
The stock is trading below its high from last year.
EESL, reported a loss last year, but is still crucial for the future of the company.
The company is planning to expand and grow in the EV battery market.
Exide Industries shares rose 0.78% during Wednesday's trading.
The company invested ₹100 crore in its subsidiary, Exide Energy Solutions Limited (EESL).
The investment involved subscribing to 2.5 crore equity shares at a premium.
EESL is building a lithium-ion battery plant in Bengaluru for the EV market.
The investment aims to fund the Bengaluru facility and support operational needs.
- Who
- Exide Industries invested in its subsidiary, Exide Energy Solutions Limited.
- What
- Exide Industries invested ₹100 crore in its subsidiary EESL.
- When
- During Wednesday’s trading session, the investment was disclosed on Tuesday.
- Where
- The investment will help fund a plant in Bengaluru.
- Why
- To fund the Bengaluru facility and meet operational requirements for expanding in the EV battery segment.
- Stock Increase
- 0.78%
- Investment Amount
- ₹100 crore
- Subsidiary
- Exide Energy Solutions Limited (EESL)
- EESL Business
- Lithium-ion battery manufacturing
- Location
- Bengaluru
- EESL Turnover
- ₹116.89 crore
- EESL Loss
- ₹209.12 crore (FY2025)