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JISL invests $48 mn to acquire 80% stake in US' AVI, IDC

JISL invests $48 mn to acquire 80% stake in US' AVI, IDC

Wednesday, April 19, 2017, 2:53 PM

Jain Irrigation Systems (JISL) today said it has agreed to acquire 80% stake in two entities in the US with an investment of USD 48 million. JISL will acquire the two micro-irrigation companies through its multi-generation wholly-owned subsidiary in US, it said in a BSE filing. The transaction is expected to be completed in the next few weeks.
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