Exide Industries has invested ₹80 crore in its wholly-owned subsidiary, Exide Energy Solutions Limited (EESL), through equity share subscription. This investment increases the total investment in EESL to ₹3,882.23 crore. The funds will support EESL’s greenfield lithium-ion battery cell manufacturing project in Bengaluru. Exide’s shareholding in EESL remains unchanged at 100%.
Investment in Exide Energy Solutions
Exide Industries Limited (EIL) announced an investment of ₹80 crore in its wholly-owned subsidiary, Exide Energy Solutions Limited (EESL), on September 25, 2025. The investment was made through subscription to EESL’s equity share capital on a rights basis. This move aims to further support EESL’s growth and expansion plans in the lithium-ion battery sector.
Details of the Investment
The ₹80 crore investment was executed through the allotment of 2,00,00,000 equity shares of EESL, each with a face value of ₹10 and a premium of ₹30. With this latest infusion, the total investment made by Exide Industries in EESL has reached ₹3,882.23 crore. This figure includes investments made in the previously merged entity, Exide Energy Private Limited (EEPL).
Strategic Rationale
The investment in EESL is primarily aimed at supporting the establishment of a greenfield manufacturing plant in Bengaluru for lithium-ion battery cells, modules, and packs. This facility is critical to Exide’s strategy in the electric vehicle (EV) market and stationary applications. The equity infusion will help meet the project’s funding requirements.
EESL’s Business Overview
Exide Energy Solutions Limited, incorporated on March 24, 2022, focuses on manufacturing and selling lithium-ion battery cells, modules, and packs for India’s EV market and stationary applications. For FY 2024-25, EESL reported a turnover of ₹116.89 crore. Turnover for FY 2023-24 was ₹239.14 crore and for FY 2022-23, it was ₹112.05 crore. These figures include the turnover of erstwhile EEPL prior to its merger with EESL.
Source: BSE
