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

Shakti Pumps (India) Limited has announced a qualified institutions placement of 31.87 lakh equity shares at Rs. 918 each, raising approximately Rs. 292.6 Cr. The issue was priced at a 4.97% discount to the floor price and has increased the company's paid-up equity capital to Rs. 123.40 Cr from Rs. 120.21 Cr. Major investors include Pinebridge Global Funds with 34.18% of the issue, along with several LIC Mutual Fund schemes and Bank of India Small Cap Fund. This capital raise strengthens the company’s equity base, aiding growth and expansion plans.