Himadri Speciality Chemical Increases Stake in IBC through Further Investment
Himadri Speciality Chemical Limited has announced a further investment into International Battery Company, Inc. (IBC), raising its aggregate stake to 20.47% on a fully diluted basis. The transaction underscores the deepening partnership between the two firms in the advanced battery technology sector.The company had previously invested USD 5.43 Million and held a 17.29% stake in IBC. The recent investment involved an infusion of USD 0.66 Million to acquire an additional 6,00,000 Common Stock of IBC, which has a face value of USD 0.00001 each.
With this acquisition, the total cost incurred for the aggregate stake of 20.47% in IBC is reported at USD 6.09 Million. The company's stake is broken down as 17.46% in common stock and 3.01% in preferred stock of Target Company.
The collaboration represents a significant milestone for Himadri, marking the start of the commercial deployment of its LFP Cathode active and anode materials. This partnership offers Himadri strategic access to IBC’s robust manufacturing infrastructure in South Korea and its upcoming Gigafactory in Bengaluru. For IBC, the alliance secures a reliable supply of high-quality anode and cathode materials and benefits from Himadri's expertise in materials science and global market presence.
This collaboration is intended to accelerate the development and deployment of next-generation energy storage solutions, positioning both companies to meet the growing global demand for sustainable and high-performance battery technologies, particularly within mobility and energy storage sectors.
International Battery Company, Inc. Profile
Details regarding the target entity, IBC, are summarized below:| Particulars | Details |
|---|---|
| Name of Target Entity | INTERNATIONAL BATTERY COMPANY, INC (IBC) |
| Industry | Manufacturing of chemistry-agnostic prismatic lithium ion cells and technological developments. |
| Authorization Capital | 20,134,325 shares of Common Stock and 9,034,325 shares of Preferred Stock, both with a par value of USD 0.00001 each. |
| Paid Up Capital | 95,41,638 shares of Common Stock and 78,02,005 shares of Preferred Stock. |
| Turnover (FY ending 31 Dec 2025) | nil |
| Business Scope | Manufacturing of chemistry-agnostic prismatic lithium-ion cells and technological development. |
HSCL Stock Price Movement
Shares of Himadri Speciality Chemical Limited shed 1.73% in post-market trading today, closing at ₹690.3 after falling ₹12.10 per share. The stock finished the day with a traded volume of 14.21 million shares, having previously reached its 52-week high of ₹718.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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