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Shakti Pumps (India) invests Rs 4 crore in Shakti Energy Solutions

16 Dec 2024 Evaluate

Shakti Pumps (India) has invested Rs 4 crore in its wholly owned subsidiary i.e. Shakti Energy Solutions by subscribing to 4,00,00,000 Equity Shares of face value of Rs 1. The objective of additional investment is to expand the business of the Wholly Owned Subsidiary.

The investment shall be made in consideration of Equity Shares. 

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 1785.00
Elgi Equipments 618.50
Shakti Pumps (India) 493.65
KSB 802.95
WPIL 435.00
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