Himadri Speciality Chemical has significantly increased its stake in International Battery Company, Inc. (IBC) through a fresh investment of USD 0.66 million. According to reports from CNBC TV18 and Business Standard, the company acquired 600,000 common stock shares of IBC, each with a face value of USD 0.00001. This latest investment builds upon the company's existing position in the battery technology company, with the acquisition completed on June 19, 2026. The transaction was conducted in cash without requiring any governmental or regulatory approvals.
With the fresh investment, Himadri Speciality Chemical's aggregate stake in IBC has increased to 20.47% on a fully diluted basis. As reported by CNBC TV18 and Business Standard, this represents an increase from the company's previous holding of 17.29% stake in IBC on a fully diluted basis. The stake includes both common stock and preferred stock holdings, providing the company with enhanced influence in the battery technology company. The total investment now stands at USD 6.09 million after the latest acquisition, with the company having previously invested USD 5.43 million in cash prior to this latest transaction. According to the latest regulatory filing submitted to the National Stock Exchange of India (NSE), IBC's authorized capital includes 20,134,325 shares of common stock and 9,034,325 shares of preferred stock, both with a par value of USD 0.00001.
The collaboration provides Himadri Speciality Chemical with access to IBC's manufacturing infrastructure in South Korea and an upcoming Gigafactory in Bengaluru, India. IBC, a Delaware-based corporation incorporated on October 24, 2022, focuses on manufacturing chemistry-agnostic prismatic lithium-ion cells and technological developments. This partnership marks a significant milestone for Himadri, supporting the commercial deployment of its Lithium Iron Phosphate (LFP) cathode active materials and advanced anode materials. As per CNBC TV18 and Business Standard, the arrangement strengthens Himadri's downstream integration in the battery value chain and supports the transition of its cathode and anode materials from development to real-world applications. The collaboration is positioned as a technology and manufacturing partnership spanning R&D, production infrastructure and material supply across multiple geographies, including the United States, South Korea and India.
Anurag Choudhary, CMD and CEO of Himadri Speciality Chemical Ltd, stated that the decision to increase the stake is backed by tangible progress achieved over the past year, including successful validation of battery materials, advancement of next-generation cell development programs, and creation of a clear pathway toward commercial deployment across mobility and energy storage applications. According to CNBC TV18 and Business Standard, Choudhary emphasized the tremendous potential in combining Himadri's advanced materials expertise with IBC's battery technology and manufacturing capabilities. He noted that this collaboration not only supports the commercialisation of their battery materials portfolio but also strengthens their position across the global battery value chain. As demand for high-performance and sustainable energy storage solutions continues to grow, the company remains committed to investing in technologies and partnerships that create long-term value and accelerate the transition to clean energy.
Shares of Himadri Speciality Chemical Ltd ended at ₹670.90, down by ₹19.85, or 2.87%, on the BSE following the announcement. The stock movement reflects market reaction to the strategic investment in the battery technology sector. The investment represents a significant milestone for Himadri, marking the commercial deployment of its LFP cathode active and anode materials, with IBC securing a reliable supply of critical battery materials while leveraging Himadri's expertise in materials science and supply chain management.
