India's Shakti Pumps rises on fundraise plans

Shakti Pumps (India)

30/12/2024 05:01

** Shares of Shakti Pumps  SHPU.NS  rise 4.3% to 1,147
rupees
    ** Industrial machinery firm is considering raising funds
via eligible securities through methods like QIP, private
placement, or public issue
    ** Stock set for a fifth consecutive session of gains
    ** SHPU up 570% YTD, on track for biggest annual gain since
listing in Oct 2011, per LSEG data

 (Reporting by Yagnoseni Das in Bengaluru)
 ((Yagnoseni.Das@thomsonreuters.com;))