The company said the deal is valued at ₹130.64 crore for shares that carry a face value of ₹10 each.
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The new unit will handle the production and distribution of its beverage portfolio in the country.
As per the details disclosed by VA Tech Wabag, ‘large’ order is the one that is valued between $30 Million and $75 Million.
The company reported an EBITDA of ₹259.3 crore for the quarter, up 5.2 percent from ₹246.5 crore last year.
The company plans to invest approximately ₹1,000 Crore via its subsidiary Mahindra Hotels and Residences India Limited.
However, buyers and sellers of the deal are not officially disclosed yet. The floor price of the deal has been fixed at ₹1,675.70 per share.
The partnership is expected to support Zaggle’s expansion within the retail and fashion segment.
The scope includes end-to-end PMC services for the proposed regional development project in Nagpur.
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