Jain Irrigation Systems redeems FCCB's

Of USD 10 Million

Jain Irrigation Systems has redeemed the 1,000 FCCB's of USD 10,000 each aggregating to USD 10 million on 2nd May, 2018 as per the terms of the Agreement dated 26th February, 2013 & 27th February 2013 executed between the Company and Proparco and FMO respectively. The Company has also paid redemption premium of USD 1.34 million, aggregate redemption amount being USD 11.34 million (Approx. INR 75.41 Cr).

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