Shakti Pumps (India) Ltd.

Franklin Templeton Mutual Fund (MF) has bought 334,816 equity shares representing 2% stake in Shakti Pumps via open market purchase. Franklin Templeton Mutual Fund A/c Franklin India Prima Plus has purchased 227,908 shares at Rs 193.82 on BSE and 106,908 shares at Rs 194.54 on NSE. Meanwhile, Reliance Wealth Management has sold 79,513 shares of the company at Rs 191.79 on NSE.

Shakti Pumps was incorporated to manufacture submersible pumps and electric control panels. The company is engaged in the business of manufacturing of submersible pumps along with submersible motors and associated controls panels under the name ‘Shakti’.