Leading Battery Manufacturer in India Invests Rs 100 Crore in Clean Energy Subsidiary
Leading Battery Manufacturer in India Invests Rs 100 Crore in Clean Energy Subsidiary

Leading Battery Manufacturer in India Invests Rs 100 Crore in Clean Energy Subsidiary

The investment is part of a rights issue in which EESL has allotted 2,77,77,777 equity shares of Rs 10 each, at a premium of Rs 26 per share, totaling Rs 99.99 crore.

Manoj Reddy Sama Article rating: 3.7

The funds raised through this investment will be used to support EESL’s greenfield project in Bengaluru, where the subsidiary is setting up a manufacturing plant for lithium-ion battery cells, modules, and packs

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