The Sub-Committee of Board of Directors of the Jain Irrigation Systems Ltd at its meeting held on April 09, 2009, has passed the resolution pursuant to approval of the Shareholders at their meeting dated March 26, 2009, allotted 19,97,780 fully paid-up Equity Shares of the Company of the face value of Rs 10 each of the Company to the following persons at a issue price of Rs 360.40 per share (including a premium of Rs 350.40) in the following manner:
Name of Allottee: International Finance Corporation (IFC)
No. of Shares Allotted: 19,97,780.
Name of Allottee: International Finance Corporation (IFC)
No. of Shares Allotted: 19,97,780.
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