Shakti Pumps (India) Limited — QIP/Rights/Pref., 05-07-2025: Allotment of Securities

Shakti Pumps has announced a board meeting on the approval of a QIP allotment of 31.87 lakh equity shares at Rs. 918/share (face value Rs. 10), raising about Rs. 292.6 Cr. Shares were allotted to qualified institutional buyers, including Pinebridge Global Funds (34.18%) and various mutual funds like Bank of India Small Cap Fund and LIC MF funds. The equity base increased to 12.34 crore shares, reflecting fresh fund infusion to support growth, with no change detailed on promoter holding. This capital raise strengthens the company’s financial flexibility.