Himadri Speciality Chemical Increases Stake in International Battery Company to 20.47%
Himadri Speciality Chemical increased its stake in International Battery Company (IBC) to 20.47% after investing an additional USD 0.66 Million (₹5.5 Crore). The total investment in IBC is now USD 6.09 Million (₹50.8 Crore). This move facilitates the commercial deployment of Himadri's LFP materials and provides access to IBC's manufacturing facilities.
The acquisition represents a strategic investment in a growing sector (battery technology) and expands the company's operational capabilities and market access, which could have a medium-term impact on its business.
The company has increased its stake in a strategic target, which is expected to facilitate commercial deployment of its products and provide access to new manufacturing facilities, indicating positive growth prospects.
Himadri Speciality Chemical Ltd has announced a further investment of USD 0.66 Million (₹5.5 Crore) in International Battery Company, Inc. (IBC), a Delaware-based corporation. This acquisition of 6,00,000 Common Stock brings Himadri's aggregated stake in IBC to 20.47% on a fully diluted basis, up from its previous 17.29% holding after an initial investment of USD 5.43 Million (₹45.3 Crore).
IBC is engaged in the manufacturing of chemistry-agnostic prismatic lithium-ion cells and technological developments. The company was incorporated on October 24, 2022, and its last audited financial statements for the year ending December 31, 2025, showed a nil turnover. The acquisition does not fall within related party transactions.
This strategic move marks a significant milestone for Himadri, enabling the commercial deployment of its LFP Cathode active and anode materials. It also grants Himadri strategic access to IBC's manufacturing infrastructure in South Korea and its upcoming Gigafactory in Bengaluru. Conversely, IBC benefits from a reliable supply of critical anode and cathode materials and Himadri's expertise in materials science and global market presence. This collaboration is expected to accelerate the development and deployment of next-generation energy storage solutions to meet the growing global demand in the mobility and energy storage sectors.
The acquisition of the additional 6,00,000 Common Stock was completed on June 18, 2026. The total cost of acquisition for the 20.47% stake in IBC amounts to USD 6.09 Million (₹50.8 Crore).
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Himadri Speciality Chemical Limited filed this with the NSE as a statutory disclosure, categorised under acquisition. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Himadri Speciality Chemical Limited. Read the original for the full detail.