Mumbai, October 29 (Udaipur Kiran): Shares of Exide Industries edged higher in Tuesday’s session after the company announced an additional investment of ₹65 crore in its wholly owned subsidiary, Exide Energy Solutions Ltd. (EESL).
At 11:00 a.m., the stock was trading at ₹384.00, up 0.88% from its previous close of ₹380.65 on the BSE. The scrip opened at ₹380.65 and touched an intraday high of ₹386.20 and a low of ₹380.00, with 44,026 shares traded so far.
The BSE Group ‘A’ stock, with a face value of ₹1, has recorded a 52-week high of ₹474.85 (October 30, 2024) and a 52-week low of ₹327.95 (April 7, 2025). The company’s market capitalization currently stands at ₹32,661.25 crore. Promoters hold 45.99%, while institutions and non-institutional investors own 29.34% and 24.67%, respectively.
Exide Industries made the investment through a rights-based equity subscription, taking its total investment in EESL to ₹3,947.23 crore. The funds will support EESL’s greenfield manufacturing facility in Bengaluru, which is being set up for the production and sale of lithium-ion battery cells, modules, and packs.
The investment aims to strengthen Exide’s presence in India’s growing EV and energy storage ecosystem, providing capital support for project development and other funding needs.
Exide Industries is among India’s leading manufacturers and distributors of lead-acid batteries and energy storage solutions, serving a wide range of automotive and industrial applications globally.
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.