Tue, Aug 08, 2023
Jain Irrigation reported a consolidated net profit of Rs 36.64 crore for the June quarter, driven by robust sales performance. The company had experienced a net loss of Rs 5.79 crore in the same period of the previous year, as stated in a regulatory filing.
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Wed, Jun 22, 2022
Shares of Jain Irrigation Systems Limited surged nearly 12% after the company confirmed that it will merge its international business with Rivulis Pte Ltd, Temasek-backed firm
Mon, Jan 11, 2021
Some good news is expected in Jain Irrigation, resolution plan has been approved after discussion with the lenders and debt restructuring will happen in the company. SBI is the lead banker and the resolution plan has been approved. Promoter funding of upto Rs 130 cr expected in Jain Irrigation and they will infuse the amount in the company. Condition on which the resolution has been approved is indeed interesting. Notably, overall restructuring is going to happen in Jain Irrigation.
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