Exide Industries Invests ₹450 Crore in Wholly Owned Subsidiary
Exide Industries Limited announced an investment of ₹450,00,00,000 (₹450 crore) in its wholly owned subsidiary, Exide Energy Solutions Limited (EESL), on March 25, 2026. The investment was made through a rights offering. This brings the total investment by Exide Industries in EESL to ₹4,802.23 crore. The shareholding percentage of Exide Industries in EESL remains unchanged at 100%.About Exide Energy Solutions Limited
EESL was incorporated on March 24, 2022, and is engaged in the manufacturing and selling of lithium-ion battery cells, modules, and packs for the electric vehicle market and stationary applications. As of March 31, 2025, EESL's net worth stood at ₹2,738.06 crore, with a turnover of ₹116.89 crore. The company reported a loss after tax of ₹209.12 crore for the year ended March 31, 2025.Investment Rationale
The equity investment in EESL is intended to fund a greenfield plant being set up in Bengaluru for manufacturing and selling lithium-ion battery cells, modules, and packs, as well as meet other funding requirements.Transaction Details
The transaction is considered a related-party transaction, as EESL is a wholly owned subsidiary of Exide Industries. The shares were allotted on a rights basis and represent a cash consideration.Additional Information
| Detail | Information |
|---|---|
| Paid up equity share capital as on date | Rs. 1504.21 crore |
| Net worth as on 31.03.2025 | Rs. 2,738.06 crore |
| Turnover as on 31.03.2025 | Rs. 116.89 crore |
| Loss after Tax for the year ended 31.03.2025 | Rs. 209.12 crore |
| FY 2024-25 Turnover | Rs. 116.89 crore |
| FY 2023-24 Turnover | Rs. 239.14 crore |
| FY 2022-23 Turnover | Rs. 112.05 crore |
No governmental or regulatory approvals were required for the acquisition.
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