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| Exchange Disseminated Time | Jay Shree Tea & Industries Ltd has informed BSE that :
1. The Company has entered into an agreement with Assam Tea Corporation Ltd for purchase of green leaf of Longai & ishabheel Tea Estates and to operate its Longai Tea Factory having a capacity to manufacture around 10 lac kg of tea per annum w.e.f. the season commencing March, 2010.
2. The Company has entered into a MOU to acquire company w.e.f. April 01, 2010 which owns and operates tea factory near Makum, Tinsukia. Assam with annual production capacity of around 11 lacs kg. per annum.
3. The Company entered into a consortium agreement with a Rwandan tea company, which has submitted its bid for acquisition of tea estates owned by OCIR-THE, Government of Rwanda producing around 41 lacs kgs. of tea per annum. The outcome of the bid is awaited.
4. The Company is in the process of acquisition of shares in its proposed wholly owned subsidiary Birla Holdings Ltd, Dubai, which has been formed to explore opportunities for overseas acquisition and investments. |
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