Exide Industries pumps ₹450 crore into EV battery arm, total investment crosses ₹4,800 crore

Exide Industries Limited has invested ₹450 crore in its wholly-owned subsidiary Exide Energy Solutions Limited through a rights subscription to the subsidiary’s equity share capital.

The investment was made on 25 March 2026 by subscribing to equity shares issued by Exide Energy Solutions on a rights basis, according to a regulatory filing by the company.

With this investment, the total amount invested by Exide Industries in Exide Energy Solutions has increased to ₹4,802.23 crore. The transaction does not lead to any change in the parent company’s shareholding, which continues to remain at 100% in the subsidiary.

Exide Energy Solutions had allotted 11,25,00,000 equity shares of ₹10 each at a premium of ₹30 per share to Exide Industries, aggregating to ₹450 crore. The consideration for the transaction was made in cash.

Also read: Exide Industries Q3 Results: Net profit, revenue rise; margin flat at 11.60%

The subsidiary, incorporated on 24 March 2022, is engaged in the manufacturing and sale of lithium-ion battery cells, modules and packs for India’s electric vehicle market as well as for stationary applications.

The equity investment has been made to support the funding requirements of Exide Energy Solutions as it works on setting up a greenfield manufacturing facility in Bengaluru for lithium-ion battery cells, modules and packs.

As of the latest available financials, Exide Energy Solutions had a paid-up equity share capital of ₹1,504.21 crore and a net worth of ₹2,738.06 crore as of 31 March 2025.

The company reported a turnover of ₹116.89 crore in FY25 and a loss after tax of ₹209.12 crore for the same period.

Also read: Exide Industries infuses ₹100 crore into EESL; total investment rises to ₹4,352 crore

The transaction is considered a related party transaction as Exide Energy Solutions is a wholly owned subsidiary of Exide Industries. The company said the transaction was conducted at arm’s length and no regulatory approvals were required.

Shares of Exide Industries Limited closed at ₹307.20 on the NSE on 25 March 2026, up ₹8.70 or 2.91%.