Shakti Pumps invests Rs 10 crore more in EV arm
Shakti Pumps (India) Limited has infused an additional Rs 10 crore into its wholly owned subsidiary, Shakti EV Mobility Private Limited, through the subscription of 1,00,00,000 equity shares at a face value of Rs 10 each. The transaction was completed on a cash basis. With this tranche, Shakti Pumps’ total investment in Shakti EV Mobility stands at Rs 65 crore. The company stated that the investment aligns with its strategy to expand its presence in…