Exide Industries Limited has made a significant investment of ₹450 crore in its wholly-owned subsidiary Exide Energy Solutions Limited through a rights subscription to the subsidiary's equity share capital. According to a regulatory filing by the company, this investment was completed on 25 March 2026, bringing the total investment by Exide Industries in Exide Energy Solutions to ₹4,802.23 crore. The transaction maintains Exide Industries' 100% shareholding in the subsidiary, with no change in the parent company's ownership structure.
As reported by CNBC TV18, Exide Energy Solutions allotted 11,25,00,000 equity shares of ₹10 each at a premium of ₹30 per share to Exide Industries, aggregating to ₹450 crore. The consideration for this transaction was made entirely in cash. The subsidiary, incorporated on 24 March 2022, is engaged in manufacturing and selling lithium-ion battery cells, modules and packs for India's electric vehicle market as well as for stationary applications.
According to the regulatory filing, the equity investment has been made to support the funding requirements of Exide Energy Solutions as it works on establishing a greenfield manufacturing facility in Bengaluru for lithium-ion battery cells, modules and packs. As of the latest available financials, Exide Energy Solutions had a paid-up equity share capital of ₹1,504.21 crore and a net worth of ₹2,738.06 crore as of 31 March 2025. The company reported a turnover of ₹116.89 crore in FY25 and a loss after tax of ₹209.12 crore for the same period.
As reported by CNBC TV18, the transaction is considered a related party transaction as Exide Energy Solutions is a wholly owned subsidiary of Exide Industries. The company stated that the transaction was conducted at arm's length and no regulatory approvals were required. Shares of Exide Industries Limited closed at ₹307.20 on the NSE on 25 March 2026, up ₹8.70 or 2.91%.
