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BRIEF-Jain Irrigation Systems to invest in two U.S. companies via unit
April 19, 2017 / 6:00 AM / 8 months ago

BRIEF-Jain Irrigation Systems to invest in two U.S. companies via unit

April 19 (Reuters) - Jain Irrigation Systems Ltd

* Investment in united states’ micro irrigation dealers- AVI & IDC- transformation irrigation merger

* Says consideration for transaction will be paid in cash not exceeding $48.50 million

* Says AVI and IDC agree to merge ownership of business to form new distribution co

* Via co's unit in U.S. agreed to buy 80 pct stake in two U.S. entities Source text: (bit.ly/2olTeFG) Further company coverage:

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