Shakti Pumps invests ₹12 Cr in EV subsidiary

Shakti Pumps invests ₹12 Cr in EV subsidiary. The company has infused ₹12 crore into its wholly-owned subsidiary, Shakti EV Mobility Private Limited, signaling a strategic push into the electric vehicle space. This move underscores its commitment to diversify into clean energy mobility solutions. The investment may drive long-term growth but has no immediate earnings impact.

📊 STOCKS: $SHAKTIPUMP | 🏢 SECTOR: Corporate | #MEDIUMIMPACT #Acquisition