Overview

• Himadri Speciality Chemical Ltd has finalized a $4.43 million investment for a 16.24% equity stake in International Battery Company (IBC).
• The deal grants Himadri representation on IBC's board, strengthening its strategic position in the global battery materials market.
• IBC operates a 50MWh lithium-ion cell facility in South Korea and is developing a gigafactory in Bengaluru, India, set to launch by Q4 FY2025-26.
• The partnership will integrate Himadri's battery material expertise with IBC's manufacturing infrastructure, targeting both domestic and export markets.
• Himadri's stock rose 3.5% following the announcement, reflecting investor confidence in its clean-tech growth strategy.