MoneyWorks4Me

Shakti Pumps (India) invests Rs 13.16 crore in Shakti EV Mobility

17 Jan 2024 Evaluate

Shakti Pumps (India) has invested Rs 13.16 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 26.92 crore after subscribing aforesaid equity shares. The objective of investment is to initiate and expand the business of the wholly owned subsidiary.  

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 1766.70
Elgi Equipments 584.55
Shakti Pumps (India) 455.50
KSB 805.00
Oswal Pumps 268.50
View more..