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

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

Exide Industries Limited has invested ₹100 crore in its wholly owned subsidiary, Exide Energy Solutions Limited (EESL), through subscription to 2.5 crore equity shares at ₹10 each with a ₹30 premium on a rights basis. With this investment, Exide’s total investment in EESL, including share premium and investment in the erstwhile merged subsidiary EEPL, stands at ₹4,352.23 crore.

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