Brief: Jain Irrigation Systems to invest in two U.S. companies via unit

Jain Irrigation Systems

19/04/2017 06:45

April 19 (Reuters) - Jain Irrigation Systems Ltd  JAIR.NS  
    * Investment in united states' micro irrigation dealers- AVI 
& IDC- transformation irrigation merger 
    * Says consideration for transaction will be paid in cash 
not exceeding $48.50 million 
    * Says AVI and IDC agree to merge ownership of business to 
form new distribution co 
    * Via co's unit in U.S. agreed to buy 80 pct stake in two 
U.S. entities 
 
Source text: (http://bit.ly/2olTeFG) 
Further company coverage:  JAIR.NS  
 
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