Endurance Technologies Limited acquired a 5% stake in Maxwell Energy Systems Private Limited for INR 69.4 million on July 17, 2023. The consideration will be paid in cash. As of fiscal year ended March 31, 2023, Maxwell Energy Systems Private Limited reported net income of INR 212.32 million.

Endurance Technologies Limited completed the acquisition of a 5% stake in Maxwell Energy Systems Private Limited on July 17, 2023.