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Amara Raja Batteries gets nod for secondary acquisition in Amara Raja Power Systems

24 May 2023 Evaluate

Amara Raja Batteries has received approval from board of directors for secondary acquisition of 100% of the equity share capital of Amara Raja Power Systems (ARPSL) at a consideration of Rs 133 crore, from RNGalla Family (‘RFPL’) and authorized its officials to finalize and execute transaction/binding agreements. This integration move is expected to strengthen the product offering to the evolving Electric mobility ecosystem. This acquisition also helps in strengthening the solution offering to the energy storage applications.  

Amara Raja Batteries is the flagship company of the group and is engaged in manufacturing of industrial and automotive batteries. The company was first to introduce Valve Regulated Lead Acid (VRLA) batteries with three year warranty in industrial and automotive applications.

Amara Raja Energy Share Price

778.45 5.80 (0.75%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Exide Inds 330.05
Amara Raja Energy 778.45
HBL Engineering 786.60
Eveready Inds. India 302.45
Indo-National 326.15
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