TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Roto Pumps Limited ( (IN:ROTO) ) just unveiled an update.
Roto Pumps Limited has announced an investment of ₹4.90 crore in its wholly owned subsidiary, Roto Energy Systems Limited, through a rights issue, acquiring 49,00,000 fully paid-up equity shares. This move is part of a broader strategy to inject up to ₹10 crore into the subsidiary to support its business operations, particularly in the solar pump manufacturing sector, without altering the existing shareholding structure.
More about Roto Pumps Limited
Roto Pumps Limited operates in the manufacturing industry, focusing on producing solar pumps under the brand ‘Roto Rudra’ through its wholly owned subsidiary, Roto Energy Systems Limited. The company has a global presence and aims to meet additional fund requirements in its business.
Average Trading Volume: 83,734
Technical Sentiment Signal: Buy
Current Market Cap: 15.81B INR
See more data about ROTO stock on TipRanks’ Stock Analysis page.