Investment17 Feb 2025, 08:00 pm
SHAKTI PUMPS Invests Rs. 4.00 Crore in Wholly Owned Subsidiary Shakti EV Mobility
AI Summary
SHAKTI PUMPS (INDIA) LTD. has invested Rs. 4.00 crore in its wholly owned subsidiary, Shakti EV Mobility Private Limited. The investment is made by subscribing to 40,00,000 Equity Shares of face value of Rs. 10/- each. Shakti EV Mobility Private Limited is a Wholly Owned Subsidiary of the Company incorporated on 16th December, 2021, and is engaged in the business of Manufacturing of various types of Electric vehicles motors and chargers controllers. The company has a Total Asset Size of Rs. 3723.92 Lacs as on 31st March, 2024.
Key Highlights
- SHAKTI PUMPS invests Rs. 4.00 crore in its wholly owned subsidiary, Shakti EV Mobility Private Limited.
- The investment is made by subscribing to 40,00,000 Equity Shares of face value of Rs. 10/- each.
- Shakti EV Mobility Private Limited is a Wholly Owned Subsidiary of the Company incorporated on 16th December, 2021.
- The subsidiary is engaged in the business of Manufacturing of various types of Electric vehicles motors and chargers controllers.
- The subsidiary has a Total Asset Size of Rs. 3723.92 Lacs as on 31st March, 2024.