Shakti Pumps (India) hits upper circuit on investing Rs 4 crore in Shakti Energy Solutions
Shakti Pumps (India) is currently trading at upper limit of Rs. 931.00, up by 44.30 points or 5.00% from its previous closing of Rs. 886.70 on the BSE.
The scrip opened at Rs. 931.00 and has touched a high and low of Rs. 931.00 and Rs. 931.00 respectively. So far 10194 shares were traded on the counter.
The BSE group 'T' stock of face value Rs. 10 has touched a 52 week high of Rs. 931.00 on 21-Dec-2024 and a 52 week low of Rs. 155.17 on 21-Dec-2023.
Last one week high and low of the scrip stood at Rs. 931.00 and Rs. 755.50 respectively. The current market cap of the company is Rs. 11191.61 crore.
The promoters holding in the company stood at 51.58%, while Institutions and Non-Institutions held 10.13% and 38.28% respectively.
Shakti Pumps (India) has invested Rs 4 crore in its wholly owned subsidiary i.e. Shakti Energy Solutions by subscribing to 4,00,00,000 Equity Shares of face value of Rs 1. The objective of additional investment is to expand the business of the Wholly Owned Subsidiary.
The investment shall be made in consideration of Equity Shares.
Shakti Pumps (India) is a specialist in the manufacture of a broad range of submersible pumps and motors for a variety of applications.
