- VA Tech plans to raise investment through unlisted Non-Convertible Debentures (NCDs) with a 5-year and 3-month tenor.
- This will mark ADB’s first private-sector financing in the country’s water sector.
- The ADB will subscribe to the NCD for a 12-month period.
- The amount (INR 200 Cr) will be used by VA Tech Wabag towards working capital requirements.
- VA Tech Wabag Ltd is a water solution and services provider established in 1924 with its headquarters in Chennai. The current CEO of the company is Rajiv Mittal.
Question:
Q.1 Recently VA Tech Wabag Ltd signed an agreement with the Asian Development Bank (ADB) to raise an investment of?a. INR 200 Cr
b. INR 300 Cr
c. INR 400 Cr
d. INR 500 Cr
