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Shakti Pumps raises Rs 292 cr via QIP
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....hakti Pumps raises Rs 292 cr via QIP<BR>PTI News<BR>Dated:- 7-7-2025<BR>PTI<BR>New Delhi, Jul 7 (PTI) Solar pumps maker Shakti Pumps (India) Ltd on Monday said it has raised Rs 292.60 crore through Qu....
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....alified Institutional Placement. The company issued 31.87 lakh shares to qualified institutional investors at Rs 918 per share, a 4.97 per cent discount to the Sebi floor price of Rs 965.96. The p....
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....roceeds will be used to establish a high efficiency solar domestic content requirement (DCR) cell and solar PV modules manufacturing plant in Pithampur, Madhya Pradesh, through subsidiary Shakti Energ....
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....y Solutions, with a production capacity of 2.20 GW, the company said in a statement. The in-house manufacturing of solar DCR cells will enhance backward integration and allow greater control over th....
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....e entire value chain, thereby benefitting the company. "This...fundraising underscores the trust our investors have in our business model and growth strategy. We look to leverage these funds to adva....
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....nce our growth initiatives and enhance value for all stakeholders," Chairman Dinesh Patidar said. Madhya Pradesh-based Shakti Pumps manufactures solar pumps, energy-efficient stainless-steel submers....
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....ible pumps, pressure booster pumps, pump motors and other products. The company has two manufacturing facilities with a combined capacity of 5,00,000 pumps per year in India. PTI ABI ABI ANU ANU ANU....
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....<BR> News - Press release - PIB....