Investment27 Feb 2025, 05:12 pm
Shakti Pumps Invests Rs. 6 Cr in Wholly Owned Subsidiary Shakti EV Mobility
AI Summary
Shakti Pumps (India) Ltd. has invested Rs. 6.00 Cr in its wholly owned subsidiary, Shakti EV Mobility Private Limited. The investment was made by subscribing to 60,00,000 Equity Shares of face value of Rs. 10/- each. Post investment, the consolidated investment stands at Rs. 45,00,00,000. Shakti EV Mobility Private Limited is engaged in the business of Manufacturing of various types of Electric vehicles motors and chargers controllers. The company was incorporated on 16th December, 2021 and has a total asset size of Rs. 3723.92 Lacs as on 31st March, 2024.
Key Highlights
- Shakti Pumps invests Rs. 6.00 Cr in its wholly owned subsidiary, Shakti EV Mobility Private Limited.
- The investment was made by subscribing to 60,00,000 Equity Shares of face value of Rs. 10/- each.
- Post investment, the consolidated investment stands at Rs. 45,00,00,000.
- Shakti EV Mobility Private Limited is engaged in the business of Manufacturing of various types of Electric vehicles motors and chargers controllers.
- The company was incorporated on 16th December, 2021 and has a total asset size of Rs. 3723.92 Lacs as on 31st March, 2024.