Announced Fri, 19 Jun · 18:48 IST
Himadri raises IBC stake to 20.47% with extra USD 0.66M investment
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AI summary
Himadri Speciality Chemical has raised its stake in US-based International Battery Company (IBC) to 20.47% on a fully diluted basis, up from 17.29%, via an additional USD 0.66 million investment. Total invested in IBC now stands at about USD 6.09 million. The deeper partnership supports commercialisation of Himadri's LFP cathode and anode materials, and gives it access to IBC's California R&D centre, South Korea manufacturing, and upcoming Bengaluru Gigafactory.
Likely market impact
Strengthens Himadri's downstream position in the battery value chain and signals continued confidence in IBC's tech and commercial roadmap.