Fresh capital to accelerate Bengaluru lithium-ion cell manufacturing project.

Exide Industries has infused ₹450 crore into its wholly owned subsidiary Exide Energy Solutions Ltd (EESL) through a rights issue to support its upcoming greenfield lithium-ion cell manufacturing plant in Bengaluru.

As per regulatory filings, EESL allotted 11.25 crore equity shares with a face value of ₹10 each at a premium of ₹230 per share to Exide Industries. The allotment was completed on March 25, 2026. The transaction was conducted on an arm’s length basis, and Exide Industries’ shareholding in the subsidiary remains unchanged at 100 percent.

Incorporated in March 2022, Exide Energy Solutions Ltd focuses on the manufacturing of lithium-ion battery cells, modules, and packs catering to electric vehicles and stationary energy storage applications.

Following this capital infusion, EESL’s paid-up capital has increased to ₹1,504.21 crore. Exide Industries’ total investment in the subsidiary now stands at ₹4,802.23 crore, highlighting its continued commitment towards expanding its presence in the electric mobility and energy storage sectors.

The investment is expected to accelerate the development of the Bengaluru-based lithium-ion cell manufacturing facility, positioning the company as a key player in India’s rapidly growing EV ecosystem.