Shakti Pumps (India) Limited — JV/Acquisition, 07-02-2025: Acquisition

Shakti Pumps (India) Limited has invested Rs. 3 crore in its wholly-owned subsidiary, Shakti EV Mobility Private Limited, by acquiring 30 lakh equity shares. This move increases Shakti EV's total consolidated investment to Rs. 35 crore, aimed at expanding its electric vehicle manufacturing business, which includes motors and chargers. With total assets of Rs. 37.24 crore and a turnover of Rs. 4.30 crore as of March 2024, this investment positions Shakti EV to enhance operational capabilities and market reach, ultimately benefiting shareholders through potential growth in a burgeoning sector.