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Exide Industries shares surge over 1% after Rs 100 crore investment in clean energy arm via rights issue
Exide Industries invested Rs 100 crore in its subsidiary Exide Energy Solutions. The investment is for a new lithium-ion battery plant in Bengaluru. The company's Q2 profits dipped slightly. However, revenue from operations saw a minor increase. Demand in the two-wheeler and four-wheeler markets was strong.
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