Exide Industries has invested Rs 74.99 crore by way of subscription in the equity share capital of its wholly owned subsidiary, “Exide Energy Solutions” on rights basis. With this investment, the total investment made by the Company in EESL (including investment made in erstwhile merged subsidiary Exide Energy) stands to Rs. 2,377.24 crore. There is no change in the shareholding percentage of the Company in EESL pursuant to such an acquisition.
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First Published: May 14 2024 | 7:04 PM IST
