Exide created a new subsidiary called Exide Energy Solutions Limited (EESL). They initially invested Rs. 1,530 crore in EESL to set up a greenfield Lithium-ion cell manufacturing facility in India.
Now, the company plans to invest an additional Rs. 1,100 crore in EESL. This investment will bring the total equity investment in EESL to Rs. 3,000 crore.
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