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September 30,2026

Exide Industries Invests ₹100 Crore EV battery arm Exide Energy Solutions

Battery maker Exide Industries has infused ₹99.99 crore into its wholly owned EV battery arm, Exide Energy Solutions Limited (EESL), via rights issue on September 29, 2026. Under the offering, Exide acquired 2,85,71,428 equity shares of ₹10 face value at ₹25 premium each on cash consideration at arm's length.

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