Toshiba to Acquire 26% Stake in India Water Management Business

Toshiba Corp. (6502) agreed to acquire a 26 percent stake in UEM India Private Ltd., a water and wastewater management company.

India Value Fund Advisors will continue to own a majority of the venture, according to a statement today from Toshiba, IVFA, and UEM Group. Financial terms weren’t disclosed.

Toshiba has been Japan’s leading manufacturer of electrical systems for water supply and sewer facilities for more than 40 years, according to the statement.

To contact the reporter on this story: Chisaki Watanabe in Tokyo at

To contact the editor responsible for this story: Reed Landberg at

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.