Private equity firm Subhkam Ventures today said it has increased its stake in steel pump manufacturer Shakti Pumps from three per cent to 12.05 per cent through converting warrants issued on preferrential basis.


</p><tr><td><p class='TableClas'></p><P class='TableClas'><DIV CLASS=rightDiv><script language="JavaScript">
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		<script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js">
		</script> </DIV><p class='TableClas'>"Shakti Pumps has proved its credentials with its quality products. Its energy-efficient product line saves 30 per cent more energy than other competing products," Subhkam's Director and CEO Manu Punnoose, a press release issued here said.</P>
</p><p class='TableClas'>Shakti Pump's sales predominantly comes from exports and is competing with the world's largest player Grundfos. The company has two plants in Indore, he said.</P>
</p><p class='TableClas'>Subhkam Ventures has built up a private equity portfolio of around 24 companies over a period of time with focus on mid-sized companies in infrastructure, telecom, healthcare, financial services, aerospace, tourism and environment sectors, amongst others.</P></p><p class='TableClas'></p></table>


Subhkam Ventures stake up by 12% in Shakti Pumps

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