Exide shares up 2% after ₹100-cr infusion in Exide Energy for li-ion battery plant
The funds will accelerate the construction of a greenfield facility in Bengaluru for manufacturing and selling lithium-ion battery cells, modules, and packs.
The funds will accelerate the construction of a greenfield facility in Bengaluru for manufacturing and selling lithium-ion battery cells, modules, and packs.
The stock hit an intraday high of ₹423.65, taking the company's market cap to over ₹35,000 crore.
Exide in the process of forming a special purpose vehicle by way of a wholly-owned subsidiary for carrying out its lithium-ion cell manufacturing business.