You are here: Home » Companies » News
Business Standard

Jain Irrigation buys Chapin for $6 mn

Press Trust of India  |  Mumbai 

Jain Irrigation Systems today said it has acquired US-based Chapin Watermatics through its subsidiary, Jain (Americas) for $ 6 million.

The company has acquired 100% shareholding control of Chapin Watermatics at $6 million in cash and debt with deferred payment terms for part consideration, Jain Irrigation informed the Bombay Stock Exchange.

The acquisition would enhance the company's ability to participate in turnkey projects in developing world markets, it said.

The company's marketing subsidiaries in the US, Europe and Africa and their warehousing facilities would provide additional marketing and logistic support to Chapin Watermatics.

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Wed, May 03 2006. 14:12 IST
RECOMMENDED FOR YOU
.