SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Exide Industries gains on investing Rs 74.99 crore in Exide Energy Solutions

15 May 2024 Evaluate

Exide Industries is currently trading at Rs. 463.85, up by 2.85 points or 0.62% from its previous closing of Rs. 461.00 on the BSE.

The scrip opened at Rs. 464.55 and has touched a high and low of Rs. 468.00 and Rs. 454.00 respectively. So far 91520 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 485.00 on 02-May-2024 and a 52 week low of Rs. 190.00 on 16-May-2023.

Last one week high and low of the scrip stood at Rs. 468.00 and Rs. 434.80 respectively. The current market cap of the company is Rs. 39690.75 crore.

The promoters holding in the company stood at 45.99%, while Institutions and Non-Institutions held 32.13% and 21.87% respectively.

Exide Industries has invested Rs 74.99 crore by way of subscription in the equity share capital of its wholly owned subsidiary, ‘Exide Energy Solutions’ (EESL), on rights basis. With this investment, the total investment made by the Company in EESL (including investment made in erstwhile merged subsidiary Exide Energy) stands to Rs 2,377.24 crore. There is no change in the shareholding percentage of the Company in EESL pursuant to such an acquisition.

EESL is in the process of setting up a green field plant at Bengaluru for manufacturing & selling lithium-ion battery cells, modules and pack business. The equity investment in EESL on a rights basis is to fund the above green field project and meet its various funding requirements.

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.


Exide Inds Share Price

330.05 -1.40 (-0.42%)
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
View more..

About MoneyWorks4Me

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.

Our Vision

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.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×