Shakti Pumps Limited has incorporated a wholly owned subsidiary, Shakti EV Mobility Private Limited, with a consolidated investment of Rs 350 million by subscribing to 3,000,000 equity shares of face value Rs 10 each.
Shakti EV Mobility Private Limited will focus on manufacturing, processing, trading, and distribution of electric vehicle motors and charger controllers. The subsidiary aims to develop and expand its business in the EV mobility sector.
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