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| Exchange Disseminated Time | Jay Shree Tea & Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on October 14, 2010, have decided to seek shareholders' approval by way of special resolution for the following:
1. To offer / issue / allot equity shares / GDRs / ADRs / QIP / FCCB or Convertible Warrants under Section 81(1A) of the Companies Act, 1956, upto Rs. 100 crore.
2. To raise in investment limit by FIIs in the share capital of the Company upto 49% of its paid up share capital.
The Board has convened the EGM of shareholders of the Company on November 09, 2010 for this purpose. |
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