|
The Board of Va Tech Wabag at its meeting held on 29 September 2020 has approved the issue and allotment of 75,00,000 equity shares of face value of Rs. 2/- each, for cash, at a price of Rs. 160/- per equity share (including a premium of Rs. 158/- per equity share) aggregating to
Rs. 120 crore by way of preferential issue to the following investors:
1. Rekha Rakesh Jhunjhunwala - 50,00,000
2. M/s. Basera Home Finance - 15,00,000
3. Sushma Anand Jain and Anand Jaikumar Jain (Joint Holding) - 10,00,000
TOTAL - 75,00,000
Consequently, the issued, subscribed and paid-up equity share capital of the Company stands
increased to Rs. 12,43,80,856 (divided into 6,21,90,428 equity shares of Rs. 2/- each) from Rs. 10,93,80,856 (divided into 5,46,90,428 equity shares of Rs. 2/- each). Equity Shares allotted on preferential basis shall rank pari passu with the existing equity shares of the Company in all respects.
|