Joonktollee Tea & Industries completes acquisition of Keshava Plantations

On 05 April 2016

Joonktollee Tea & Industries has completed on 05 April 2016 the acquisition of 80,000 Equity Shares of Rs.100/- each being 100% paid-up share capital of Keshava Plantations owning Azizbagh Tea Estate at Assam in terms of the Share Purchase Agreement dated 02 December 2015 at a consideration of Rs.27.50 crore.

By virtue of completion of the aforesaid transaction, Keshava Plantations has become wholly-owned subsidiary of the Company w.e.f. 05 April 2016.

Powered by Capital Market - Live News