VA Tech Wabag has received approval from Board of Directors of the Company to issue of upto 75,00,000 Equity Shares, on a Preferential Basis, at a price of Rs 160 per Equity Share (including a Premium of Rs 158 per Equity Share), which is higher than the price for cash aggregating to Rs 120 crore.
VA Tech Wabag is an India-based company engaged in the business of water treatment field.