The company subscribed to 2,85,71,428 equity shares of face value ₹10 each at a premium of ₹25 per share, aggregating ₹99.99 crore, the company said in a regulatory filing.
Following the latest investment, Exide Industries’ total investment in EESL, including share premium and investments made in the erstwhile merged subsidiary Exide Energy Private Ltd, has increased to ₹4,902.23 crore. The investment does not alter Exide Industries’ shareholding in EESL, which remains at 100%.
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The company’s board had, on January 30, 2026, approved an additional investment of up to ₹1,400 crore in EESL in one or more tranches to fund the greenfield lithium-ion cell manufacturing project.
EESL, incorporated on March 24, 2022, is engaged in manufacturing and selling lithium-ion battery cells, modules and packs for India’s electric vehicle market and stationary applications. The company is setting up a greenfield manufacturing facility in Bengaluru.
As of the date of the filing, EESL had a paid-up equity share capital of ₹1,532.78 crore. Its net worth stood at ₹3,991.06 crore as of March 31, 2026. For FY26, the company reported turnover of ₹157.56 crore and a loss after tax of ₹248.16 crore.
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The transaction is a related-party transaction as EESL is a wholly owned subsidiary of Exide Industries and has been undertaken on an arm’s-length basis, the company said. No governmental or regulatory approvals are required for the acquisition.
Shares of Exide Industries Ltd ended at ₹419.20, up by ₹0.050, or 0.012%, on the BSE.
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