Exide Infuses ₹4.5 Billion into Subsidiary for Battery Manufacturing Expansion

The investment will fund EESL’s upcoming Li-ion battery manufacturing facility in Bengaluru

March 26, 2026

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Exide Industries has made an additional investment of ₹4.5 billion (~$47.86 million) in its wholly owned subsidiary, Exide Energy Solutions (EESL), through a rights issue of equity shares. EESL is developing a facility in Bengaluru to develop lithium-ion battery cells and related products.

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Rakesh Ranjan

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Exide Infuses ₹4.5 Billion into Subsidiary for Battery Manufacturing Expansion

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