Exide Industries puts ₹150 crore more into EESL battery unit
- Mergers & acquisitions
- Batteries
Exide Industries (NSE: EXIDEIND) invested ₹150 crore by subscribing to rights shares in its wholly owned subsidiary Exide Energy Solutions Limited on 27 Oct 2026, it said in a filing on 27 Oct 2026. The company's total investment in the subsidiary now stands at ₹5,352.23 crore.
Key highlights
- Investment in EESL: ₹150 crore by rights subscription on 27 Oct 2026
- Total investment in EESL: ₹5,352.23 crore, including share premium and EEPL
- Shareholding: 100%, unchanged by the investment
- Shares allotted: 4,28,57,142 equity shares of ₹10 each at ₹25 premium
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