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Endurance Tech: A strong play on two-wheelers

Nitin Agrawal   •

We continue to remain upbeat on Endurance (ENDU), primarily on the back of its significant presence in the two-wheeler segment

Endurance Technologies: Endurance acquires 51% stake in Maxwell. Endurance has acquired 51% stake in Maxwell, through a combination of primary issuance and secondary purchase. In May 2022, the company had informed about execution of Share Subscription and Purchase Agreement with shareholders of Maxwell Energy Systems, for acquiring 100% stake in a phased manner. Maxwell is in the business of embedded electronics particularly in battery management systems (BMS) for vehicles including electric vehicles (EV).

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This Research Report / Research Recommendation has been published by Moneycontrol Dot Com India Limited (hereinafter referred to as “MCD”) which is a registered Investment Advisor under the Securities and Exchange Board of India (Investment Advisers) ...Read More