Shakti Pumps (India) Limited — Important, 05-07-2025: Committee Meeting Updates

Shakti Pumps (India) Limited has announced a board meeting on which the Treasury Committee approved closing its Qualified Institutions Placement (QIP) of 31.87 lakh equity shares at Rs. 918 per share, including a premium of Rs. 908, raising Rs. 292.6 Cr. The issue price reflects a 4.97% discount to the floor price. Allocation notes are being finalized for eligible QIBs, and the placement document has been adopted and made available on the company’s website. This fundraise will support the company’s growth initiatives.