VA Tech Wabag turns ex-bonus

Shares of VA Tech Wabag will turn ex-bonus on Thursday. The designer of water and wastewater treatment plants is rewarding its shareholders with a 1:1 bonus issue. Investors buying the shares from Thursday will not get the bonus shares. The stock will start trading in the range of ₹850-875 from Thursday. This is the maiden bonus issue from Wabag since listing in 2010. About 31,840 small investors hold 10 per cent stake in the firm.