Anil Jain, managing director of Jain Irrigation says the change in business model in micro irrigation systems (MIS) has led to slow growth for the company.
In an interview to CNBC-TV18, Anil Jain, managing director of Jain Irrigation Systems spoke about the latest happenings in his company and the road ahead.
Despite the talks equity raising earlier this year, in an interview to CNBC-TV18, Anil Jain, managing director of Jain Irrigation says the company is not looking to raise any equity due to the current market condition. "We will be open to private equity funding only at a significant premium," Jain further says.
Anil Jain, managing director, Jain Irrigation Systems in an interview to CNBC-TV18 said that the company's financial performance has been in line with expectations.
Anil Jain, the managing director of Jain Irrigation talks to CNBC-TV18 about the latest happenings in his company and sector.
The finance minister has reduced the basic customs duty on on micro irrigation equipments to 5% from 7.5% in Union Budget 2011-12. In an interview with CNBC-TV18, Anil Jain, MD, Jain Irrigation gave his reaction on the finance minister's move.
Jain Irrigation Systems (JISL) on Tuesday plummeted nearly 18% to close at Rs 157.50 on concerns over its equity dilution and new business plans. In an interview with CNBC-TV18, Anil Jain, MD, Jain Irrigation, clarifies on some of those issues.