Himadri Speciality Chemical Limited — JV/Acquisition, 18-06-2026: Acquisition

Himadri Speciality Chemical has increased its stake in International Battery Company (IBC) to 20.47% (fully diluted) with an additional investment of USD 0.66 Million (approx ₹5.48 Cr). This brings the total investment to USD 6.09 Million (approx ₹50.55 Cr). This strategic move marks the commercial deployment of Himadri's LFP Cathode active and anode materials. It also grants Himadri access to IBC's manufacturing facilities in South Korea and its upcoming Gigafactory in Bengaluru. This alliance aims to accelerate next-gen energy storage solutions, capitalizing on the growing demand for high-performance battery technologies for mobility and energy storage. IBC's last reported turnover for FY25 was nil.