Shakti Pumps (India) Limited — JV/Acquisition, 14-12-2024: Acquisition

Shakti Pumps (India) Limited has invested Rs. 4 Crore in its wholly owned subsidiary, Shakti Energy Solutions Private Limited (SESPL), subscribing to 4 Crore equity shares with a face value of Rs. 1 each. This move aims to expand SESPL's business, which focuses on manufacturing solar structures. For FY24, SESPL reported a turnover of Rs. 139.59 Crore. This strategic investment is expected to enhance operational capabilities and market positioning without the need for any regulatory approvals. Shares will be issued periodically as per the agreement, reinforcing Shakti Pumps' commitment to its subsidiary's growth.