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Jain Irrigation gets nod to mop up about Rs 610 crore

17 Oct 2012 Evaluate

Jain Irrigation Systems has received its board’s approval to raise about Rs 610 crore through a combination of preferential issue and foreign currency bonds. The company’s board has also approved a preferential issue of 4.97 crore shares of Rs 80 each to non-promoters to raise about Rs 398 crore and raising $40 million (around Rs 211.76 crore) through FCCBs.

Further, the company has received in an amount of $75 million as long term (6-10 years) External Commercial Borrowings (ECB) from IFC, a part of World Bank, and others.

Jain Irrigation is a farmer-centric company and micro irrigation has been its mainstay since the mid-1980s. The company has pioneered a green revolution through micro-irrigation technology, which comprises mainly of drip and sprinkle systems.

Jain Irrigation Sys Share Price

33.18 0.13 (0.39%)
20-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Supreme Industries 3715.95
Astral 1590.45
Finolex Inds 173.80
Nilkamal 1321.40
Jain Irrigation Sys 33.18
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