Battery Company Exide Increases its Stake to 80.15% in Energy Storage Subsidiary

Earlier, the company had a stake of 77.87%

November 26, 2020

/ Harsh Shukla
/ Finance and M&A, Other
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Exide Industries Limited, an Indian battery manufacturer, said that it invested ₹331.7 million (~$4.49 million) in its subsidiary Exide Leclanche Energy Private Limited by way of subscription of the subsidiary’s equity shares.

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Harsh Shukla

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Batteryinvestmentjoint ventureSharesStakeStoragesubsidiary
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