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| Exchange Disseminated Time | With reference to news item appearing in leading financial daily titled "Jay Shree Tea lines up Rs. 120 Cr for acquisition, Jay Shree Tea & Industries Ltd has clarified to BSE that the reporters have inserted news based on certain assumptions and presumptions. From the wording i.e. "poised to acquire", the market grapevine indicates" are certainly assumptions of the news reporter and it is difficult for the Company to give comment on that, unless the various so called discussions at corporate level are consummated in a deal with due approvals and information to the concerned authorities.
The Company further confirm that if there is any consummation of deal having price sensitive information, the Company shall bring it to the notice of the Exchange. |
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