Press Trust Of India / New Delhi May 15, 2012, 01:08 IST

World's second largest drip irrigation firm Jain Irrigation Systems (JISL) on Monday announced acquisition of 100 per cent stake in the joint venture firm NaanDanJain. At present, Jain Irrigation has 50 per cent stake in Naan-DanJain and holds the option of buying out remaining stake in the joint venture company.