Shakti Pumps (India) Ltd. has raised ₹292.60 crore via Qualified Institutional Placement, issuing 31.87 lakh shares at ₹918 each, below SEBI’s floor price. The funds will support the establishment of a 2.20 GW solar DCR cell and PV module plant in Pithampur, Madhya Pradesh, through its subsidiary, Shakti Energy Solutions.
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