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Board of Tea Time approves bonus issue

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Capital Market

At meeting held on 17 July 2015

Tea Time announced that the Board of Directors of the Company at its meeting held on 17 July 2015, inter alia, has approved, subject to Shareholders' approval to be obtained at ensuing Extra Ordinary General Meeting, Issue of Bonus Shares to the Company's Public Shareholders only in terms of SEBI Circular dated 29 August 2012 in the ratio of 93 equity shares of Rs. 10/- each for every 200 Equity Shares of Rs. 10/- each held by them for the purpose of increasing the Public Shareholding in the Company to a minimum of 25%.

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First Published: Jul 17 2015 | 5:50 PM IST

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