Exide Industries shares in focus after Rs 100 crore investment in clean energy arm via rights issue

Exide Industries’ shares will remain in focus as the company invested Rs 100 crore in its wholly owned subsidiary, Exide Energy Solutions Ltd (EESL), through a rights issue of 2.77 crore equity shares. The total investment in EESL now stands at Rs 3,152.24 crore, with no change in Exide Industries’ shareholding percentage in EESL.