Amara Raja Batteries to invest Rs 36.99 crore in Log 9 Materials Scientific
9th Aug 2021

Amara Raja Batteries (ARBL) has agreed to invest Rs 36.99 crore and thus acquiring 11.36% of shareholding of Log 9 Materials Scientific. ARBL's investment is a part of the bold ‘Energy & Mobility’ strategy announced by the company in June this year, which focuses on entering into new green technologies and solutions. These initiatives will include expansion and investment that will help the company maintain technological and business leadership in the ‘Energy & Mobility’ space, apart from creating new growth avenues.

Amara Raja Batteries is the flagship company of the group and is engaged in manufacturing of industrial and automotive batteries. The company was first to introduce Valve Regulated Lead Acid (VRLA) batteries with three year warranty in industrial and automotive applications.