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Shakti Pumps invests Rs 5.08 crore in wholly owned subsidiary
Apr-24-2024

Shakti Pumps (India) has invested Rs 5.08 crore in its wholly owned subsidiary i.e. Shakti EV Mobility (formerly known as Shakti Green Industries) by subscribing to Equity Shares of nominal value of Rs 10. The consolidated investment is Rs 32 crore after subscribing aforesaid equity shares.

This investment is to initiate and expand the business of the wholly owned subsidiary. Since, the company is making an investment into its wholly owned subsidiary therefore the equity shares will be issued time to time as per the agreement.

Shakti Pumps (India) is a specialist in the manufacture of a broad range of submersible pumps and motors for a variety of applications.


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