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The curious case of Rajesh Mehta’s ‘ ₹50,000 crore’ battery business | Collector
The curious case of Rajesh Mehta’s ‘ ₹50,000 crore’ battery business

The curious case of Rajesh Mehta’s ‘ ₹50,000 crore’ battery business

An investment of ₹1,250 crore by the three funds over three years explains the steep valuation of Elest, a company that has no operations but has agreed to supply land, machinery and technology for ACC Energy Storage Pvt. Ltd, the battery business of publicly listed Rajesh Exports

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