As per terms of Resolution Plan with reference to above subject, we have to inform you that Sub Committee RP (authorized by the Board of Directors) has met today and completed allotment of Ordinary Equity Shares to Proposed Allottees as under:
Allotment of 6,23,62,110 Ordinary Equity Shares to Domestic Lenders at Rs. 43.06 per share aggregating to Rs. 2,68,53,12,456
Allotment of 1,65,92,798 Ordinary Equity Shares to Non-Domestic Lenders at Rs. 44.17 each aggregating to Rs. 73,29,03,888 Crores
Ordinary Equity Shares are being issued in lieu of additional coupon, presently payable on NCD1/NCD2/ECB2 (as applicable) under the RBI Circular dated 07th June, 2019.
Please take the above on record and acknowledge.
For Jain Irrigation Systems Ltd.
A V Ghodgaonkar
Company Secretary
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Jain Irrigation Systems Limited published this content on 20 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 February 2022 12:20:04 UTC.
Jain Irrigation Systems Limited is an India-based micro-irrigation company. The Company is engaged in providing solutions in agriculture, piping and infrastructure through manufacturing of micro irrigation systems, polyvinyl chloride (PVC) Pipes, high density polyethylene (HDPE) pipes, plastic sheets, agro processed products, renewable energy solutions, tissue culture plants, financial services and other agricultural inputs. Its segments include Hi-tech Agri Input Products division, which include micro and sprinkler irrigation, solar Agri pump, integrated irrigation projects and tissue culture plants; Plastic division, which includes PVC piping products, polyethylene piping products, piping projects and plastic sheets; Agro Processing division, which includes fruits, onion products and biogas, and Other business division, which includes equipment manufacturing, solar thermal products, solar photovoltaic grid and off grid products and also includes solar power generation investments.