Shakti Pumps zooms on investing Rs 1 crore in wholly owned subsidiary
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Shakti Pumps (India) is currently trading at Rs. 426.25, up by 9.70 points or 2.33% from its previous closing of Rs. 416.55 on the BSE.
The scrip opened at Rs. 417.60 and has touched a high and low of Rs. 430.00 and Rs. 414.35 respectively. So far 16297 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 711.15 on 18-Jan-2022 and a 52 week low of Rs. 392.85 on 22-Nov-2022.
Last one week high and low of the scrip stood at Rs. 437.05 and Rs. 405.00 respectively. The current market cap of the company is Rs. 779.32 crore.
The promoters holding in the company stood at 54.82%, while Institutions and Non-Institutions held 0.34% and 44.83% respectively.
Shakti Pumps (India) has invested Rs 1 crore in its wholly owned subsidiary i.e. Shakti Green Industries by subscribing to 10,00,000 Equity Shares of Rs 10 each. The consolidated investment is Rs 8.26 crore after subscribing aforesaid equity shares.
Shakti Green Industries is incorporated as Wholly Owned Subsidiary by Shakti Pumps (India) on December 16, 2021. The Company is engaged in manufacturing, trade, buy, sale of Electric Vehicle motors, Charging stations for Home/ Commercial/ Highways, Battery management systems, Electric Control Panels, VFDs, IoT based Smart Electric Control Panel, Controllers, Universal Controllers, Battery Charging System, Customized / Integrated Electronic / Electrical Control Panel.
Shakti Pumps (India) is a specialist in the manufacture of a broad range of submersible pumps and motors for a variety of applications.
