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India

Exide Industries, India further invests INR 1 billion in battery subsidiary

On September 29, Exide Industries invested INR 1 billion in its wholly owned subsidiary, Exide Energy Solutions Limited (EESL), through a rights issue. The investment takes Exide Industries’ total investment in EESL to INR 52 billion, while its shareholding remains unchanged at 100%.
The funds will support EESL’s gr....

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