You are here: Home » News-CM » Companies » News
Business Standard

Va Tech Wabag receives equity capital infusion of Rs 120 crore

Capital Market 

The Board of Va Tech Wabag has considered the Letters of Consent received from the following marquee, high networth investors and approved the infusion of equity capital into the Company as below:

Rekha Rakesh Jhunjhunwala 50,00,000 shares for Rs 80 crore Basera Home Finance Private Limited 15,00,000 shares for Rs 24 crore Sushma Anand Jain and Anand Jaikumar Jain (Joint Holding) 10,00,000 shares for Rs 16 crore

The above issue of Equity Shares on Preferential basis to aforesaid Proposed Investors, are subject to the approval of the Members of the Company at the ensuing Annual General Meeting scheduled to be held on 23 September 2020.

Powered by Capital Market - Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Wed, August 26 2020. 09:23 IST
RECOMMENDED FOR YOU
RECOMMENDED FOR YOU