Shakti Pumps India invests in subsidiary 'Shakti Green Industries'

3 Aug 2022 , 09:19 AM

Shakti Pumps India Ltd has informed to the exchanges that it invested Rs5,40,00,000/- (Rupees Five Crores Forty Lacs Only) in its wholly owned subsidiary i.e. Shakti Green Industries Private Limited by subscribing to 54 lakh Equity Shares of Rs10/- (Rupees Ten only) each.

As per the filing, the consolidated investment is Rs6,66,00,000/- (Rupees Six Crore Sixty Six Lacs Only) after subscribing aforesaid equity shares. Shakti Green Industries Private Limited is into the business of manufacturing of EV Chargers, EV Motor and controllers, the company said.

At around 9:19 AM, Shakti Pumps (India) was trading at Rs475.75 per share up by Rs3 or 0.63% from its previous closing of Rs472.75 per share on the BSE.