Exide Industries has subscribed 24,80,625 equity shares of Rs 80 each aggregating to Rs 19.84 crore in Ulric Renewables on April 10, 2023. With this investment, the aggregate shareholding of the Company constitutes to 39.08% of issued and paid-up capital of Ulric Renewables.
Earlier, the company had entered into 'Share Subscription and Shareholders' Agreement' and 'Power Purchase Agreements' on February 28, 2023 with Ulric Renewables, a Special Purpose Vehicle promoted and incorporated by Cleantech Solar India OA 2 (CLEANTECII) for setting up captive wind power project aggregating to 18.9 MW for various manufacturing facilities of the Company.
Exide Industries was incorporated in January 1947 as Associated Battery Makers to purchase all or any of the assets of the business of manufacturers, buyers and sellers of and dealers in and repairers of electrical and chemical appliances and goods carried on by the Chloride Electric Storage Company.
| Company Name | CMP |
|---|---|
| Exide Inds | 331.30 |
| Amara Raja Energy | 765.90 |
| HBL Engineering | 782.95 |
| Eveready Inds. India | 304.60 |
| Indo-National | 328.10 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: