Shakti Pumps (India) jumps on investing Rs 2 crore in Shakti EV Mobility
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Shakti Pumps (India) is currently trading at Rs. 597.50, up by 10.65 points or 1.81% from its previous closing of Rs. 586.85 on the BSE.
The scrip opened at Rs. 580.90 and has touched a high and low of Rs. 603.50 and Rs. 580.00 respectively. So far 3584 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 630.00 on 10-Jul-2023 and a 52 week low of Rs. 380.15 on 26-Dec-2022.
Last one week high and low of the scrip stood at Rs. 630.00 and Rs. 580.00 respectively. The current market cap of the company is Rs. 1100.97 crore.
The promoters holding in the company stood at 56.22%, while Institutions and Non-Institutions held 0.54% and 43.23% respectively.
Shakti Pumps (India) has invested Rs 2 crore in its wholly owned subsidiary i.e. Shakti EV Mobility (formerly known as Shakti Green Industries) by subscribing to 20,00,000 Equity Shares of Rs 10. The consolidated investment is Rs 12.76 crore after subscribing aforesaid equity shares.
Earlier, the company had invested Rs 1 crore in its wholly owned subsidiary i.e. Shakti EV Mobility by subscribing to 10,00,000 Equity Shares of Rs 10.
Shakti Pumps (India) is a specialist in the manufacture of a broad range of submersible pumps and motors for a variety of applications.
