Himadri Speciality Chemical Limited — JV/Acquisition, 22-05-2025: Acquisition

Himadri Speciality Chemical Ltd has announced a board meeting on acquiring a 16.24% stake in International Battery Company, Inc. (IBC) for USD 4.43 million (~INR 37.47 Cr) cash. IBC makes chemistry-agnostic prismatic lithium-ion cells, with facilities in South Korea and a Gigafactory coming up in Bengaluru. This move strengthens Himadri’s foothold in advanced battery tech, enabling faster commercialization of its LFP cathode and anode materials, and boosting its play in scalable, high-performance energy storage solutions.