Himadri Speciality Chemical Ltd (HSCL) invested $4.43 million to acquire a 16.24% stake in US-based International Battery Company (IBC). IBC, which makes prismatic lithium-ion cells, operates a facility in South Korea and is building a Gigafactory in Bengaluru with Mahanagar Gas Limited. The partnership grants Himadri access to global markets and IBC’s AI-driven platform, while ensuring material supply for IBC.
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