Investment22 Oct 2026, 02:40 pm
Shakti Pumps Invests ₹12 Cr in EV Subsidiary
AI Summary
Shakti Pumps India Ltd has invested ₹12 Crores (₹12,00,00,000) in its wholly owned subsidiary, Shakti EV Mobility Private Limited, by subscribing to 1,20,00,000 equity shares. This investment brings the consolidated investment in the subsidiary to ₹92 Crores. Shakti EV Mobility is engaged in manufacturing electric vehicle motors and chargers. The company's total asset size as of March 31, 2026, was ₹12,857.28 Lacs, with revenues of ₹2,425.41 Lacs in FY26. This investment aims to initiate and expand the subsidiary's business operations.
Key Highlights
- Shakti Pumps invested ₹12 Crores in its wholly owned subsidiary.
- The investment is for Shakti EV Mobility Private Limited.
- The subsidiary manufactures EV motors and chargers.
- Total investment in the subsidiary now stands at ₹92 Crores.
- The move aims to expand the subsidiary's business.
Price Impact
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