Jain Irrigation Systems has informed that the Board of Directors of the company at its meeting held on November 10, 2014 has approved incorporation of Wholly Owned Subsidiary to house its existing global food processing business. The Management was further authorised to take necessary steps to complete all legal and regulatory processes. The Board has further authorised the management to explore value creation opportunities based upon minority dilution in the same.
The above information is a part of company’s filings submitted to BSE.
