Excel Industries

This comes hot on heels of Poonawalla-Dharma deal

Over the decades, Excel has suffered its share of absurd glitches, sometimes with users inadvertently triggering inappropriate functions

Battery recycling startup BatX Energies on Tuesday said it raised USD 5 million (over Rs 40 crore) in an early stage funding round led by Zephyr Peacock. Lets Venture as well as existing investors JITO Angel Network and family offices of Mankind Pharma, Excel Industries, and BluSmart also participated in the pre-Series A funding round, BatX Energies said in a statement. The infusion of fresh funds will help scale up recycled battery-grade lithium, nickel and cobalt production and establish a secured nationwide reverse logistics network for sourcing, it added. "Through strategic allocation of these funds, we're poised to power our vision of sustainable energy solutions. We're directing resources towards pioneering R&D initiatives, elevating the production of superior battery-grade materials," BatX Energies Co-founder & CTO Vikrant Singh said. He further said, "This investment propels our mission to expand globally and establish micro facilities nationwide, fostering a future ...

The stock surged 16% to Rs 233 after the company said it will buyback equity shares at a maximum price of Rs 275 per share from the open market purchase.

The stock has surged 13% after the company said that its board will meet on March 28 to consider buyback proposal