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| Exchange Disseminated Time | With reference to the earlier announcement dated April 20, 2010, regarding Board to consider Dividend, Jay Shree Tea & Industries Ltd has now informed BSE that the following matters shall also be considered in the said Board Meeting:
1. Acquisition of 100% shares of Kijura Tea Co. Ltd., Uganda, East Africa by the Company through its investment arm, Birla Holdings Ltd., Dubai.
2. Acquisition of 60% shares in Mata Tea Co,Ltd. and Gisakura Tea Co.Ltd. both at Rwanda (East Africa) through Tea Group Investment Company Ltd., Dubai (a 50:50 joint venture Company floated with Rwanda Mountain Tea —SARL) through investment arm, Birla Holdings Ltd., Dubai.
3. To consider and recommend sub-division (stock-split) of the present face value of the equity shares of Rs. 10/- each of the Company into smaller denomination as the Board may deem fit, subject to the approval of the members of the Company and to incorporate the resolution(s) for the said sub-division and amendment in the capital clause of the Memorandum of Association of the Company in the Agenda of the ensuing Annual General Meeting of the Company. |
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