According to latest reports from CNBC TV18, Exide Industries has invested ₹100 crore in its wholly owned subsidiary Exide Energy Solutions Ltd (EESL) through a rights issue to fund its greenfield multi-gigawatt lithium-ion cell manufacturing facility in India. 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. This latest investment brings the total investment made by the Company in EESL to ₹4,902.23 crore, with the investment representing part of Exide Industries' continued strategic commitment to its energy solutions subsidiary.
As reported by CNBC TV18, there is no change in the shareholding percentage of the Company in EESL pursuant to such acquisition. The investment does not alter Exide Industries' shareholding in EESL, which remains at 100%. This indicates that Exide Industries maintains its existing stake in the subsidiary following this latest investment round, with the transaction being a related-party transaction undertaken on an arm's-length basis. The ₹100 crore investment demonstrates the company's confidence in the growth prospects of Exide Energy Solutions within the energy sector.
According to CNBC TV18, the company's board had 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 filing date, EESL had a paid-up equity share capital of ₹1,532.78 crore and net worth of ₹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.
As reported by CNBC TV18, shares of Exide Industries Ltd ended at ₹419.20, up by ₹0.050, or 0.012% on the BSE following the announcement. The company noted that no governmental or regulatory approvals are required for the acquisition, with the investment demonstrating Exide Industries' continued strategic focus on the energy solutions business and its commitment to supporting India's electric vehicle ecosystem through advanced battery manufacturing capabilities.
