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Nexcharge

Lead battery maker Exide Industries increases stake in Leclanché JV

Fri, 11/27/2020 - 09:54 -- paul Crompton

India’s biggest lead-acid battery maker Exide Industries has increased its stake in Nexcharge— the lithium-ion joint venture (JV) it formed with Leclanché in 2018.

Exide increased its shareholding in the JV by 2.28% to bring its total ownership share to 80.15%, the Indian firm said in a stock exchange filing on 23 November.

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