Shakti Pumps Invests Rs. 5 Crores in Wholly Owned Subsidiary Shakti EV Mobility
Shakti Pumps India Ltd. has made an acquisition by subscribing 50,00,000 Equity Shares of its wholly owned subsidiary, Shakti EV Mobility Pvt Ltd, amounting to Rs. 5,00,00,000. This investment is part of a larger consolidated investment of Rs. 55,00,00,000 after subscribing to the aforesaid equity shares. Shakti EV Mobility Private Limited is engaged in the business of Manufacturing of various types of Electric vehicles motors and chargers controllers. The acquisition does not fall under the Related Party Transaction and is done at ‘arm’s length’. The company was incorporated on 16th December, 2021 and has a total asset size of Rs. 10,121.83 Lacs as on 31st March, 2025. The turnover of the Company is Rs. 372.73 Lacs as on 31st March 2025.
Key Highlights
- Shakti Pumps invests Rs. 5 Crores in its wholly owned subsidiary, Shakti EV Mobility Pvt Ltd.
- The investment is part of a larger consolidated investment of Rs. 55,00,00,000 after subscribing to 50,00,000 Equity Shares.
- Shakti EV Mobility is engaged in the business of Manufacturing of various types of Electric vehicles motors and chargers controllers.
- The acquisition does not fall under the Related Party Transaction and is done at ‘arm’s length’.
- The company was incorporated on 16th December, 2021 and has a total asset size of Rs. 10,121.83 Lacs as on 31st March, 2025.