Shakti Pumps (India) Limited — JV/Acquisition, 03-01-2025: Acquisition

Shakti Pumps (India) Limited has invested Rs. 3.80 Crores in its wholly owned subsidiary, Shakti Energy Solutions Private Limited (SESPL), by purchasing 3.80 Crores equity shares at Rs. 1 each. The investment aims to expand SESPL’s operations in the solar structures market, which generated a turnover of Rs. 139.59 Crores in FY24. This strategic move is expected to enhance business growth without requiring governmental or regulatory approvals. SESPL was incorporated in 2010 and has shown notable revenue over recent years, positioning itself for further development under Shakti Pumps.