Investment17 Jul 2026, 02:19 pm
Shakti Pumps Invests ₹5 Cr in EV Subsidiary Shakti EV Mobility
AI Summary
Shakti Pumps India Ltd has invested ₹5.00 Crores in its wholly owned subsidiary, Shakti EV Mobility Private Limited. This investment was made by subscribing to 50,00,000 equity shares of face value ₹10 each. Following this, the consolidated investment in Shakti EV Mobility stands at ₹70,00,00,000. Shakti EV Mobility is engaged in manufacturing electric vehicle motors and controllers, incorporated in December 2021. The investment aims to initiate and expand the subsidiary's business operations. No governmental or regulatory approvals are required for this transaction, which was completed on the same day.
Key Highlights
- Shakti Pumps invested ₹5 Cr in its wholly owned subsidiary, Shakti EV Mobility.
- Total consolidated investment in the subsidiary now stands at ₹70 Cr.
- Shakti EV Mobility manufactures EV motors and controllers.
- The investment aims to expand the subsidiary's business operations.
- No regulatory approvals were needed for this cash transaction.
Price Impact
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