Corporate News     26-Aug-20
Board of Va Tech Wabag approves preferential issue of 75 lakh equity shares
At meeting held on 25 August 2020
The Board of Va Tech Wabag at its meeting held on 25 August 2020 has approved the issue of up to 75 lakh equity shares on preferential basis at a price of Rs 160 per share (including premium of Rs 158 per share) for cash aggregating Rs 120 crore to the following investors -

Rekha Rakesh Jhunjhunwala
Basera Home Finance
Sushma Anand Jain and Anand Jaikumar Jain (joint holding)

Pursuant to the approval of issue of securities up to an amount of INR 120 crore on preferential basis as indicated above, the Board of Directors at their meeting held today, have revised the enabling fund raising proposal from Rs 400 crore to Rs 280 crore, subject to the approval of the members of the Company at the ensuing General Meeting scheduled to be held on 23 September 2020.

Previous News
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 ( Results - Announcements 21-May-24   17:47 )
  Va Tech Wabag consolidated net profit rises 28.99% in the September 2023 quarter
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