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Shakti Pumps (India) invests Rs 12 crore in Shakti EV Mobility

22 Oct 2026 Evaluate

Shakti Pumps (India) has invested Rs 12 crore in its wholly owned subsidiary i.e. Shakti EV Mobility by subscribing to 1,20,00,000 Equity Shares of face value of Rs 10. The consolidated investment is Rs 92 crore after subscribing aforesaid equity shares. Objects 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. 


Peers
Company Name CMP
Kirloskar Brothers 1646.20
Elgi Equipments 584.80
Shakti Pumps (India) 381.45
KSB 653.35
Oswal Pumps 229.35
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