Shakti Pumps (India) Ltd has successfully raised Rs 292.6 crore through a Qualified Institutional Placement (QIP), issuing nearly 32 lakh shares at Rs 918 each, slightly below the SEBI floor price of Rs 965.96. The capital infusion will finance the establishment of a high-efficiency solar domestic content requirement (DCR) cell and solar photovoltaic (PV) modules manufacturing facility in Pithampur, Madhya Pradesh.