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Dhunseri Ventures Ltd.

BSE: 523736 Sector: Industrials
NSE: DVL ISIN Code: INE477B01010
BSE 10:33 | 05 Jul 192.55 -2.55
(-1.31%)
OPEN

198.85

HIGH

199.00

LOW

189.40

NSE 10:19 | 05 Jul 198.95 2.60
(1.32%)
OPEN

199.00

HIGH

199.40

LOW

196.55

OPEN 198.85
PREVIOUS CLOSE 195.10
VOLUME 1518
52-Week high 350.15
52-Week low 178.00
P/E 3.97
Mkt Cap.(Rs cr) 674
Buy Price 191.35
Buy Qty 10.00
Sell Price 192.95
Sell Qty 16.00
OPEN 198.85
CLOSE 195.10
VOLUME 1518
52-Week high 350.15
52-Week low 178.00
P/E 3.97
Mkt Cap.(Rs cr) 674
Buy Price 191.35
Buy Qty 10.00
Sell Price 192.95
Sell Qty 16.00

Dhunseri Ventures Ltd. (DVL) - Company History

Dhunseri Tea Company (DTCL) was incorporated in 1961. The S L Dhanuka group took over the management of the company in 1955 from James Finlay & Company. In 1970 the company was renamed Dhunseri Tea & Industries. In 1980 the company acquired the Namsang and Dilli Gardens in Assam. It took over Bahadur Tea Company and amalgamated it with DTCL on 1 Apr.'91. In 1994 it acquired three more tea estates -- Santi tea estate Khetojan tea estate and Khagorijan tea estate. Santi tea estate was amalgamated with DTCL on 1 Apr.'93. The company has 1248 hectares of plantation area in Assam.It came out with a public issue in Dec.'92 and a rights issue of NCDs with detachable warrants in Jul.'94. The funds from the rights issue were utilised to acquire the three tea estates mentioned above and to expand manufacturing facilities.DTCL cultivates and sells tea in packed form. DTCL also has a pharmaceutical division called Iveon Laboratories (ILL). It produces IV fluids with the latest FFS technology. In 1993 the company expanded the production capacity from 35 lac bottles pa (LBA) to 167 LBA. The company has set up packaging plants near its gardens and markets them under the Lal Ghora and Kala Ghora brands.During 1998-99 the Company raised a sum of Rs. 8 Crores by issue of 15% Secured Non-convertible Debentures on private placement basis with financial institutions to augment long-term resources of the Company for working capital requirements.The company has promoted South Asian Petrochem Ltd. a 100% E.O.U. petrochemical project at Haldia West Bengal for manufacture of PET Resins under technical and financial collaboration with Lurgi Zimmer AG of Germany during the 1999-2000.The 100% EOU petrochemical project viz South Asian Petrochem Ltd was completed ahead of schedule. The Technical and Financial collaboration was done by Zimmer AGGermany. The trial run for the project is going on and once completed the commercial production will be commenced.During 2000-01 the company was allotted 6999400 Equity Shares of Rs.10/- each by South Asian Petrochem Ltd. and with this allotmentthe total holding of the in South Asian Petrochem Ltd has gone upto about 70% of its issued share capitalthereby making it a subsidiary of Dhunseri Tea & Industries Limited.

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