Shakti Pumps (India) Ltd has invested Rs. 1.0 crore in its wholly owned subsidiary i.e. Shakti EV Mobility Private Limited (formerly known as Shakti Green Industries Private Limited) by subscribing to 10,00,000 Equity Shares of Rs. 10/- . The consolidated investment is Rs. 10.76 crore after subscribing to aforesaid equity shares.
The brief background about the entity:-
– Shakti EV Mobility Private Limited (“the Company”) was incorporated as Wholly Owned Subsidiary by Shakti Pumps (India) Limited (“SPIL”) on 16th December, 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.
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