Shakti Pumps (India) Limited — QIP/Rights/Pref., 03-07-2025: Qualified Institutional Placement

Shakti Pumps (India) has announced a board meeting to approve a qualified institutional placement (QIP) of equity shares with a face value of ₹10 each. The issue price floor is set at ₹965.96 per share, with a potential discount of up to 5%. The shares will be offered to eligible qualified institutional buyers to raise funds. The company plans to use the proceeds primarily for business expansion and other corporate purposes. The exact number of shares and final pricing will be decided at the meeting.