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Exide acquires additional stake in Lithium-ion Battery arm
short by / on Wednesday, 15 May, 2024
Exide Industries, are in focus on Wednesday after company invested ₹75 crores via rights issue in "Exide Energy Solutions Limited", a wholly-owned subsidiary company engaged in manufacturing process of Lithium-ion Battery cells. Around 2.08 crore equity shares of EESL, each of face value of ₹10 each at a premium of ₹26 on a rights basis, were subscribed by Exide Industries.
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