Himadri Speciality Chemical Limited has informed the Exchange about Update on investment for acquisition of 16.24% stake in International Battery Company, Inc.
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Himadri Speciality Chemical has completed the payment of USD 4.43 million (approx. ₹37-38 crore) to acquire a 16.24% stake (on fully diluted basis) in International Battery Company, Inc. (IBC), a Delaware-incorporated battery company. This is a follow-up to the Board's approval dated 22 May 2025. The payment covers three components: purchase of 600,000 common shares from an existing shareholder, fresh subscription of 2,100,000 common shares, and subscription of 379,175 Series A Preferred Stock. The deal gives Himadri a strategic foothold in the global lithium-ion battery space, complementing its existing carbon and speciality chemical portfolio.
Positive strategic move into the fast-growing battery materials/battery technology segment, but the deal size is small relative to Himadri's overall scale, so immediate financial impact is limited. Could be a long-term value driver if IBC scales successfully.