Jain Irrigation Systems’ promoter Jalgaon Investments has bought 2 lakh equity shares on June 27, 2018 for an amount of around Rs 1.75 crore. Earlier to the acquisition, the entity’s stake in the company was 10,65,93,836 equity shares or 21.47% which has increased to 10,67,93,836 equity shares or 21.52%.
Jain Irrigation Systems is early pioneer for IOT in the agriculture sector and is leading efforts to create global solutions with precision agriculture.