Mumbai, September 26 (Udaipur Kiran News). Shares of Exide Industries Ltd edged higher on Thursday after the company announced an additional ₹80 crore investment in its wholly owned subsidiary, Exide Energy Solutions Ltd (EESL).
The stock was trading at ₹396.15, up ₹2.55 (0.65%) from its previous close of ₹393.60 on the BSE. It opened at ₹392.25 and touched an intraday high of ₹396.15. The company’s market capitalisation stands at ₹33,600.50 crore.
Over the past 52 weeks, Exide shares have touched a high of ₹534.75 (14-Oct-2024) and a low of ₹327.95 (07-Apr-2025).
Promoters hold 45.99% stake in the company, while institutional investors own 28.87% and non-institutional investors hold 25.14%.
Investment details
Exide Industries has invested ₹80 crore through a rights issue in EESL, taking its total investment in the subsidiary to ₹3,882.23 crore. The company’s 100% shareholding in EESL remains unchanged.
EESL is setting up a greenfield facility in Bengaluru to manufacture and sell lithium-ion battery cells, modules, and packs. The fresh equity infusion will help fund this project and meet related financial requirements.
Founded in 1947, Exide Industries is a leading manufacturer of automotive and industrial batteries in India and has expanded into the energy storage and lithium-ion cell manufacturing segments.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.
