Acquisitions14 Dec 2024, 10:51 pm
Shakti Pumps Invests Rs. 4 Crore in Wholly Owned Subsidiary Shakti Energy Solutions
AI Summary
Shakti Pumps (India) Limited has invested Rs. 4,00,00,000/- (Rupees Four Crore Only) in its wholly owned subsidiary, Shakti Energy Solutions Private Limited. The investment is made by subscribing to 4,00,00,000 (Four Crore) Equity Shares of face value of Rs. 1/- (Rupees One each). Shakti Energy Solutions Private Limited, incorporated on 06% September, 2010, is a manufacturer of Solar Structures and deals in Polyhouse, Solar Rooftop and others. The turnover of the company for the previous 3 years is shown in the table: FY 2024 Rs. 139.59 Crores, FY 2023 Rs. 99.15 Crores, FY 2022 Rs. 154.63 Crores.
Key Highlights
- Shakti Pumps invests Rs. 4 Crore in its wholly owned subsidiary Shakti Energy Solutions
- Shakti Energy Solutions is a manufacturer of Solar Structures and deals in Polyhouse, Solar Rooftop and others
- The turnover of Shakti Energy Solutions for FY24 was Rs. 139.59 crores
- Shakti Energy Solutions is a Wholly Owned Subsidiary of the Shakti Pumps (India) Limited
- The investment is made by subscribing to 4,00,00,000 (Four Crore) Equity Shares of face value of Rs. 1/- (Rupees One each)