Exide Industries shares rise 3% as firm boosts stake in Exide Energy
Wed, Nov 27, 2024 11:11 AM

Exide Industries shares rise 3% as firm boosts stake in Exide Energy

A Flip by Avya Verma
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Shares of Exide Industries rose over 3% on November 27 after the firm boosted its stake in subsidiary Exide Energy Solutions Ltd (EESL) on rights basis. On November 26, Exide Industries said it boosted stake in EESL to Rs 3,052 crore with Rs 100-crore investment and said the funds will help expand operations in advanced battery cell production for EVs.

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