Exide Industries Pumps ₹450 Cr into EV Battery Subsidiary

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Fresh Capital Infusion

Exide Industries invests ₹450 crore in wholly owned subsidiary Exide Energy Solutions (EESL) via a rights issue of equity shares on 25 March 2026

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Total Investment Crosses ₹4,800 Cr

With this infusion, Exide's cumulative investment in EESL rises to ₹4,802.23 crore. Shareholding remains unchanged at 100%

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Why the Investment?

EESL is setting up a greenfield lithium-ion battery cell, module, and pack manufacturing plant in Bengaluru to serve India's fast-growing EV and energy storage market

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EESL Financials Snapshot

Incorporated in March 2022, EESL posted ₹116.89 crore turnover and net worth of ₹2,738.06 crore as of FY25. Still in ramp-up phase with a net loss of ₹209.12 crore

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Stock & Company Performance

Exide's Q3 FY26 consolidated net profit jumped 23.7% YoY to ₹194 crore. However, the stock slipped 1.77% to ₹301.80 on BSE following the announcement

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With Our Subscription Plans

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Exide Industries Pumps ₹450 Cr into EV Battery Subsidiary

Fresh Capital InfusionExide Industries invests ₹450 crore in wholly owned subsidiary Exide Energy Solutions (EESL) via a rights issue of equity shares on 25 March 2026

Total Investment Crosses ₹4,800 Cr With this infusion, Exide's cumulative investment in EESL rises to ₹4,802.23 crore. Shareholding remains unchanged at 100%

Why the Investment?EESL is setting up a greenfield lithium-ion battery cell, module, and pack manufacturing plant in Bengaluru to serve India's fast-growing EV and energy storage market

EESL Financials Snapshot Incorporated in March 2022, EESL posted ₹116.89 crore turnover and net worth of ₹2,738.06 crore as of FY25. Still in ramp-up phase with a net loss of ₹209.12 crore

Stock & Company Performance Exide's Q3 FY26 consolidated net profit jumped 23.7% YoY to ₹194 crore. However, the stock slipped 1.77% to ₹301.80 on BSE following the announcement