Shakti Pumps (India) Limited — JV/Acquisition, 28-03-2025: Acquisition

Shakti Pumps (India) Limited has invested ₹5 Crore in its wholly owned subsidiary, Shakti EV Mobility Private Limited, by acquiring 50 lakh equity shares at ₹10 each. This increases the subsidiary's total investment to ₹50 Crore. Shakti EV Mobility, founded in December 2021, specializes in manufacturing electric vehicle motors and chargers, holding total assets of ₹37.24 Crore and a turnover of ₹4.30 Crore as of March 2024. This acquisition aims to expand its electric vehicle business, aligning with market trends and seeking operational growth.