At meeting held on 04 August 2015
Jay Shree Tea & Industries announce that the Board of Directors of the Company at its meeting held on 04 August 2015, inter alia, has approved the Scheme of Arrangement to demerge the Sugar Division of the Company situated at Bihar into Majhaulia Sugar Industries and Jay Shree Beneficiary Trust Unit, holding shares in the Company for the benefit of its shareholders into Jayantika Investment & Finance (Formerly Parvati Tea Company), both subsidiary companies w.e.f. 01 October 2015, subject to necessary approval.Powered by Capital Market - Live News
