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.