Toshiba Corp Acquires Majority Stake in UEM India

New Delhi: Japan's Toshiba Corporation on Wednesday acquired a majority stake in UEM India Pvt Ltd to strengthen its position in the water and waste water management business. "Toshiba acquired an additional 54 per cent stake today to become the majority owner with 80 per cent stake in UEM. IVFA and the founding member Krishan Kshetry remain invested as minority shareholders," Toshiba said in a statement. Toshiba vice president (wa...