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Jain Irrigation Systems Ltd has informed BSE that Sub-Committee of Board of Directors of the Company at its meeting held on March 28, 2008, has passed the resolution pursuant to approval of the Shareholders at their meeting dated February 26, 2007, that 25,00,000 Equity Shares of RS 10 each of the Company be issued and allotted at a price (including premium) of Rs 398.50 per share (the minimum price as per SEBI (DIP) Guidelines, 200 is Rs 388.50 per share) in the following manner:

- Name of Allottee : Jalgaon Investment P Ltd
No of Shares Allotted : 25,00,000.

Tags: Jain Irrigation

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