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Shakti Pumps invests Rs 1 crore in wholly owned subsidiary

08 Dec 2022 Evaluate

Shakti Pumps (India) has invested Rs 1 crore in its wholly owned subsidiary i.e. Shakti Green Industries by subscribing to 10,00,000 Equity Shares of Rs 10 each. The consolidated investment is Rs 8.26 crore after subscribing aforesaid equity shares.

Shakti Green Industries is incorporated as Wholly Owned Subsidiary by Shakti Pumps (India) on December 16, 2021. The Company is engaged in manufacturing, trade, buy, sale of Electric Vehicle motors, Charging stations for Home/ Commercial/ Highways, Battery management systems, Electric Control Panels, VFDs, IoT based Smart Electric Control Panel, Controllers, Universal Controllers, Battery Charging System, Customized / Integrated Electronic / Electrical Control Panel.

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

Peers
Company Name CMP
Kirloskar Brothers 1745.00
Elgi Equipments 589.25
Shakti Pumps (India) 443.25
KSB 805.00
Oswal Pumps 263.65
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