VA Tech Wabag has signed an agreement with Asian Development Bank (ADB) towards raising Rs 200 crores through unlisted Non-Convertible Debentures (NCD) carrying a 5 years and 3 months tenor which will be subscribed by ADB over a 12 month period. This will be ADB’s first investment in a Water sector company in India.
This is in continuation to the ongoing debt optimization efforts of the Company through long term and low cost funding sources. The capital raised through this NCD issuance will be used towards working capital requirements of the Company and this will be within the current borrowing limits, thereby not increasing the debt levels of the Company.
VA Tech Wabag is an India-based company engaged in the business of water treatment field.
Company Name | CMP |
---|---|
VA Tech Wabag | 865.45 |
Race Eco Chain | 337.55 |
Antony Waste Hand | 473.05 |
RESGEN | 83.00 |
Eco Recycling | 594.60 |
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