Va Tech Wabag has received an approval for fund raising by way of issue of Non-Convertible Debentures (NCDs) up to Rs 200 crore in one or more tranches/series to Asian Development Bank (ADB) on a private placement basis, as may be permitted under applicable laws, subject to necessary approvals, permissions, consents and sanctions as may be required. The Board of Directors of the company at meeting held on November 25, 2022 approved the same.
Further, the Board has also approved the appointment of Integrated Registry Management Services as the Registrar and Transfer Agent (RTA) with immediate effect for issuance/allotment of the above said NCD to the ADB.
VA Tech Wabag is an India-based company engaged in the business of water treatment field.
