Shakti Pumps invests Rs 5.08 crore in wholly owned subsidiary

24 Apr 2024 Evaluate

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.


Shakti Pumps (I) Share Price

942.95 25.65 (2.80%)
23-Dec-2024 10:49 View Price Chart
Peers
Company Name CMP
KSB 750.00
Elgi Equipments 592.85
Dynamatic Tech 8222.50
Kirloskar Pneumatic 1571.00
Shakti Pumps (I) 942.95
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