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ICICI Securities: VA Tech Wabag Q1 Review - Uphill Task Ahead; Dilution At Discount Valuation

Stress on VA Tech Wabag’s balance sheet continues to be a drag on overall liquidity and may prompt another round of fundraising.

A water treatment plant. (Source: VA Tech Wabag’s official Facebook page)
A water treatment plant. (Source: VA Tech Wabag’s official Facebook page)
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