The company's combined net debt is ₹3,600 crore as of March 31, 2023, and it is looking to pare down debt to ₹3,000 crore by the end of FY24. "Jain Irrigation is in talks with private credit fund Alpha Alternatives to raise money to repay some existing debt including inter-company deposits, and the loan will be sanctioned within a few days," said a source close to the development.