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Exide Industries invests around Rs 150 crore in EESL

28 Oct 2026 Evaluate

Exide Industries has invested around Rs 150 crore by way of subscription in the equity share capital in its wholly owned subsidiary, Exide Energy Solutions (EESL), on rights basis. With this investment, the total investment made by the company in EESL stands to Rs 5,352.23 crore. 

The equity investment in EESL on a rights basis is intended to meet its various funding requirements for the greenfield plant in Bengaluru for the manufacture and sale of lithium-ion battery cells, modules, and packs. With the current investment, EIL shareholding m EESL remains unchanged at 100%.

Exide Industries is one of the leading manufacturer and distributor of lead acid batteries and storage solutions, committed to providing unparalleled solutions and services for multiple energy applications worldwide. 


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