Shakti Pumps (India) has invested Rs 5 crore in its wholly owned subsidiary i.e. Shakti EV Mobility by subscribing to 50,00,000 Equity Shares of face value of Rs 10 each. The consolidated investment is Rs 70 crore after subscribing aforesaid equity shares. The move aims 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.