Shakti Pumps (India) has received approval to raise upto Rs 200 crore through qualified institutional placement (QIP) at a floor price of Rs 1,272.09 per share. The company may offer a discount of not more than 5% on the floor price so calculated for the issue.
Shakti Pumps (India) is a specialist in the manufacture of a broad range of submersible pumps and motors for a variety of applications.