Jain Irrigation Systems Limited announced a private placement of 42,786,430 warrants at a price of INR 11.66 per share for the gross proceeds of INR 498,889,774 on November 24, 2023. The transaction included participation from new investor, Tritiya Ventures LLP 5,292,965 warrants, Pinkstone Ventures LLP for 7,057,286 warrants, Stocks and Securities India Pvt Ltd for 16,321,607 warrants, Alpha Alternatives Structured Credit Opportunities Fund for 14,114,572. The bonds will have an exercise price of INR 34.98.