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Jain Irrigation Systems’ arm raises Rs 402 crore from Mandala Capital

31 Mar 2016 Evaluate

Jain Irrigation Systems’ (JISL) subsidiary -- Jain Farm Fresh Foods (JFFFL) has raised Rs 402 crore from Mandala Capital for growth of the company. The funds will be used mainly to reduce debt and growth of food business. This investment was part of a larger programme of fund raising by JISL under which JISL has successfully raised total equity of $ 120 million from its promoters and Mandala.

Jain Irrigation Systems is a manufacturer of a wide variety of PVC pipes, PE pipes, water and gas transportation pipes, ducts for optical fibre cables and drip irrigation pipes. It is also engaged in tissue culture of bananas and pomegranates and is the world’s largest processor of mangoes and is the world’s second largest processor of onions and vegetables.

Jain Irrigation Sys Share Price

33.05 -1.16 (-3.39%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Supreme Industries 3705.80
Astral 1612.85
Finolex Inds 174.70
Nilkamal 1320.05
Jain Irrigation Sys 33.05
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