VA Tech Wabag said it has raised Rs 120 crore from marquee and high networth investors, which include the wife of ace investor Rakesh Jhunjhunwala. Rekha Rakesh Jhunjhunwala invested Rs 80 crore for 50 lakh shares of the company on preferential basis. Basera Home Finance bought 15 lakh shares for Rs 24 crore and Sushma Anand Jain along with Anand Jaikumar Jain 10 lakh shares for Rs 16 crore.

(Economic Times)