Asian Tea to seek investor nod for division of shares

Asian Tea & Exports has plans to seek shareholder approval for the division  its equity shares. The company plans to sub-divide the nominal value of each equity shares of Rs 10 into ten equity shares of Re 1 each.

The company plans to seek the shreholders approval for the same at its annual general meeting to be held on September 30, the company said today.

The company's stock ended flat at Rs 40.10 on the BSE today.