Oswal Pumps Ltd, a 2003-established pump manufacturer, acquired 5,23,72,121 shares of its wholly-owned subsidiary, Oswal Solar Structure Pvt Ltd, for ₹303.75 crore via a rights issue. This reinforces Oswal Pumps' strategic focus on solar solutions, strengthening its position in solar module manufacturing. The subsidiary's turnover significantly increased to ₹452.25 crore in FY24-25.