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.