Intimation for execution of Shareholders Agreement
WABAG · price
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VA Tech Wabag has executed a Share Subscription and Shareholders Agreement (SSSHA) with Bengaluru-based deeptech startup Nimble Vision Private Limited, along with its promoters, existing shareholders, and other investors. Under this deal, WABAG will subscribe to 955 equity shares for about 10.02% stake in Nimble Vision, investing roughly Rs 3 crore. This marks the first investment under WABAG's 'BLUE SEED' initiative, which focuses on water conservation and automation technologies. WABAG will have the right to nominate 1 director and 1 observer on Nimble Vision's board, along with affirmative voting rights on key matters. The transaction is not a related-party deal and there is no conflict of interest reported.
This is a small strategic minority investment (about Rs 3 crore) and is unlikely to materially move the stock. However, it signals WABAG's push into indigenous deeptech solutions for water, which could be a positive long-term growth signal for shareholders watching the company's innovation pipeline.