Japan's Toshiba Corporation acquires a majority 80% stake in UEM India

Japan's Toshiba Corporation acquires a majority 80% stake in UEM India

Visual sourced from UEM website

Japan’s Toshiba Corporation has acquired a majority 80 per cent stake in IVFA-backed water services company UEM India Pvt Ltd (UEM) with the aim to strengthen its water and waste-water management business in India and neighboring countries, the company announced on Wednesday.

Toshiba, which was previously holding a minority 26 per cent stake in Noida-based UEM, has acquired the additional stake from its existing investors including IVFA and the founding member Krishan Kshetry. With this, the shareholding of both IVFA and Kshetry come down to 20% in UEM.

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