Shakti Pumps Invests ₹5 Cr in EV Subsidiary

Shakti Pumps India Ltd has invested ₹5.00 Crores in its wholly owned subsidiary, Shakti EV Mobility Private Limited, by subscribing to 50,00,000 equity shares. This investment increases the consolidated investment in the subsidiary to ₹75,00,00,000. Shakti EV Mobility Private Limited is engaged in the manufacturing of electric vehicle motors and charger controllers for various vehicle types. The investment aims to initiate and expand the subsidiary's business operations. No government or regulatory approvals were required for this cash transaction, which was completed on the same day.