Oswal Pumps Acquires 8% Stake in Walso Solar, Becomes Subsidiary

Oswal Pumps Ltd has acquired an additional 8% stake in Walso Solar Solution Private Limited for ₹3.66 Crore, increasing its total holding to 51%. This acquisition makes Walso Solar, a manufacturer of solar pumping system components, a subsidiary of Oswal Pumps. The transaction was conducted at arm's length, despite being a related party transaction. This move is expected to enhance Oswal Pumps' vertical integration and operational efficiencies in the solar pump manufacturing sector.