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Jay Shree Tea & Industries Ltd.

BSE: 509715 Sector: Agri and agri inputs
NSE: JAYSREETEA ISIN Code: INE364A01020
BSE 16:00 | 27 Sep 105.25 -0.45
(-0.43%)
OPEN

105.20

HIGH

106.00

LOW

104.35

NSE 15:44 | 27 Sep 105.00 -0.35
(-0.33%)
OPEN

105.50

HIGH

106.15

LOW

104.55

OPEN 105.20
PREVIOUS CLOSE 105.70
VOLUME 11414
52-Week high 145.00
52-Week low 54.05
P/E 5.11
Mkt Cap.(Rs cr) 304
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 105.20
CLOSE 105.70
VOLUME 11414
52-Week high 145.00
52-Week low 54.05
P/E 5.11
Mkt Cap.(Rs cr) 304
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Jay Shree Tea & Industries Ltd. (JAYSREETEA) - Company History

Incorporated as Jay Shree Tea Gardens in Oct.'45 with two tea estates the company changed its name to Jay Shree Tea and Industries (JSTI) in 1960. It was promoted by B K Birla.Started with an initial paid-up share capital of Rs 7.86 lac it was raised to Rs 39.05 lac in 1947 and thereafter only a rights equity issue was made during 1960 in the ratio 1:5.The company manages around 12 tea gardens in Assam West Bengal Tamilnadu and Kerala. It has diversified over the years and manufactures plywood in Andamans and superphosphates and sulphuric acid in West Bengal; and has interest in shipping real estate development tubes and tyres. The company is packing its tea from different tea estates in polypouches and it is sold under brand names -- Sadabahar Shaandar and Sangam. JSTI also acquired Maitrayee Tea Project at Chopra near Islampur with 192 acres under tea plantation to increase its presence in the area.During 1999-2000 the company established a new factory named 'Aryaman Tea Estate' in Jalpaiguri Dist which has commenced production from Sep 1999. The factory has the capacity of 7 lac kgs made tea per annum. In June 2000 the B K Birla group's shareholding in Jay Shree Tea & Industries has gone up to 44.61% from 40.15% following the completion of the company's buy back offer for 12.30 lakh equity shares.The company bought back 12.30 lac equity shares of Rs.10/- each at a price of Rs.120/-per share in 2001-02 and subsequently the total Share Capital as on March 2002 was Rs.10.67 crores. The tea processing factory which is being set up at LedoAssam has commenced its commercial production with a annual capacity of around 6 lac kg. As the Supreme Court has banned the falling of trees in Andaman & Nicobar Islandsthe company's Plywood Operation is still under suspension. The 100% subsidiary company viz Shiva's Group Ltd was amalgamated with the company with the prior approval from the shareholders w.e.f 25.02.2002. It also proposes to set up an International Outsourced Call centre at Kolkata. The company is proposing to delist its equity shares from Delhi Stock exchange as there is no transactions.

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