Water Treatment Company VA Tech Wabag Jumps 30% in Mumbai Debut

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By Paresh Jatakia

October 13, 2010 at 1:06 PM UTC

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VA Tech Wabag Ltd., an Indian water treatment company, jumped as much as 30.4 percent in its Mumbai trading debut after receiving demand for 36 times the shares on sale in its initial public offering.

The stock, which started trading at 1,662 rupees, rose