India's Jain Irrigation Systems acquires two US firms for $48.5m

India's Jain Irrigation Systems acquires two US firms for $48.5m

Photo: Reuters

Jain Irrigation Systems Ltd (JISL) on Wednesday announced that it has agreed to acquire 80 per cent stake in two entities in the US for about $48.5 million, marking a key strategic investment into one of the largest irrigation markets in the world.

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