Jay Shree Tea approves scheme of arrangement to demerge its sugar division

Jay Shree Tea & Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 04, 2015, inter alia, has approved the Scheme of Arrangement to demerge the Sugar Division of the Company situated at Bihar into Majhaulia Sugar Industries Private Limited and Jay Shree Beneficiary Trust Unit.

August 04, 2015 / 13:27 IST

live

bselive
nselive

Volume

Todays L/H

Jay Shree Tea & Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 04, 2015, inter alia, has approved the Scheme of Arrangement to demerge the Sugar Division of the Company situated atBihar into Majhaulia Sugar Industries Private Limited and Jay Shree Beneficiary Trust Unit, holding shares in the Company for the benefit of its shareholders into Jayantika Investment & Finance Limited (Formerly Parvati Tea Company Limited), both subsidiary companies w.e.f. October 01, 2015, subject to necessary approval.Source : BSE

Read all announcements in Jayshree Tea

first published: Aug 4, 2015 01:27 pm

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Subscribe to Tech Newsletters

Al Edge Newsletter On Saturdays

Find the best of Al News in one place, specially curated for you every weekend.
MC Tech 3 Newsletter Daily-Weekdays

Stay on top of the latest tech trends and biggest startup news.

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347