Shakti Pumps India Ltd invests Rs. 10 crores in Shakti EV Mobility Pvt Ltd

Shakti Pumps (India) Limited has invested Rs. 10,00,00,000/- (Rupees Ten Crores Only) in its wholly owned subsidiary i.e. Shakti EV Mobility Private Limited by subscribing to 1,00,00,000 (One Crore) Equity Shares of face value of Rs. 10/- (Rupees Ten each). The consolidated investment is Rs. 65,00,00,000/- (Rupees Sixty-Five Crores Only) after subscribing aforesaid equity shares.

Shakti EV Mobility Private Limited is a Wholly Owned Subsidiary of the Company incorporated on 16th December, 2021 having Total Asset Size of Rs. 10,121.83 Lacs Rupees as on 31st March, 2025. It is involved in Manufacturing of Electric vehicle motors for Two Wheeler / Three Wheeler / Four Wheeler / Special purpose Electric Vehicle motor & for other purpose and Manufacturing of chargers for electric vehicle. The company was incorporated on 16th December, 2021 and has presence in India.

Shares of Shakti Pumps (India) Limited was last trading in BSE at Rs. 560.90 as compared to the previous close of Rs. 555.20. The total number of shares traded during the day was 85777 in over 2075 trades.

The stock hit an intraday high of Rs. 575.00 and intraday low of 550.10. The net turnover during the day was Rs. 48319487.00.

Source : Equity Bulls

Keywords

ShaktiPumpsIndia INE908D01010 IndustrialMachinery Investment ShaktiEVMobility