Exide Industries Ltd, a leading automotive battery manufacturer, announced an investment of slightly more than Rs 100 crore in its wholly-owned battery cell manufacturing subsidiary Exide Energy Solutions Ltd (EESL).

Exide Industries stated in a regulatory filing that it had spent slightly more than Rs.100 crore (Rs 100,00,00, 015 - Rupees One Hundred and Fifteen only) by subscribing to EESL's rights issuance.

The Rs 374.40 crore equity-backed EESL manufactures advanced chemistry battery cells as well as manufactures, assembles, and sells battery modules, battery packs, and other related businesses.