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Shakti Pumps India has informed that a meeting of the board of directors of the company will be held on October 11, 2012, to consider allotment of 6,00,000 equity shares of Rs. 10 each at a premium of Rs. 166 against warrants convertible into equity shares  and 6,00,000 nos of bonus shares of Rs. 10 each to M/s M.L. Securities and Finance Private Limited. 

The above information is a part of company's filings submitted to BSE.

Peers
Company Name CMP
Kirloskar Brothers 1766.85
Elgi Equipments 585.15
Shakti Pumps (India) 454.25
KSB 806.60
Oswal Pumps 264.20
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