Shakti Pumps invests Rs 10 crore in Shakti EV Mobility
The consolidated investment is Rs 65 crore after subscribing said equity shares
Shakti Pumps (India) has invested Rs 10 core in its wholly owned subsidiary i.e. Shakti EV Mobility by subscribing to 1,00,00,000 Equity Shares of face value of Rs 10. The consolidated investment is Rs 65 crore after subscribing aforesaid equity shares. The objective 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.
