Shakti Pumps India Ltd invests in subsidiary Shakti EV Mobility Pvt Ltd

Shakti Pumps (India) Limited has invested Rs. 2,00,00,000/- (Rupees Two Crore Only) in its wholly owned subsidiary i.e. Shakti EV Mobility Private Limited (formerly known as Shakti Green Industries Private Limited) by subscribing to 20,00,000 Equity Shares of Rs. 10/- (Rupees Ten each). The consolidated investment is Rs. 12,76,00,000/- (Rupees Twelve Crore Seventy Six Lacs Only) after subscribing aforesaid equity shares.

Shakti EV Mobility Private Limited ("the Company") is incorporated as Wholly Owned Subsidiary by Shakti Pumps (India) Limited ("SPIL") 16th December, 2021.

The Company is engaged in manufacturing, trade, buy, sale of Electric Vehicle motors, Charging stations for Home / Commercial / Highways, Battery management systems, Electric Control Panels, VFDs, IoT based Smart Electric Control Panel, Controllers, Universal Controllers, Battery Charging System, Customized / Integrated Electronic / Electrical Control Panel.

Shares of Shakti Pumps (India) Limited was last trading in BSE at Rs. 593.85 as compared to the previous close of Rs. 600.45. The total number of shares traded during the day was 3002 in over 292 trades.

The stock hit an intraday high of Rs. 605.95 and intraday low of 586.80. The net turnover during the day was Rs. 1787039.00.

Source : Equity Bulls

Keywords

ShaktiPumpsIndia INE908D01010 Investment ShaktiEVMobility