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.