VC Circle 14 May 2012
In the past five years, NaanDan has absorbed investments of Rs 125cr for drip irrigation & sprinklers equipment.
Jain Irrigation Systems Ltd, is acquiring its international partner in the 50:50 Israeli joint venture NaanDan Irrigation, for an undisclosed sum. This acquisition follows a call option exercised by Jain Irrigation which first picked 50 per cent stake in the JV in 2007.
NaanDan is into irrigation solutions with nine subsidiaries around the world and six production sites – two of which are located in Israel (Kibbutz Naan and Kibbutz Dan).