Jay Shree Tea & Industries inks pact to sell entire stake in subsidiary
30th May 2022

Jay Shree Tea & Industries has entered into a definitive agreement for sale/transfer of the entire paid up share capital held in the subsidiary namely North Tukvar Tea co, having a tea estate ‘North Tukvar Tea Estate’ in Darjeeling. Rs 3.21 crore to be received after adjusting value of assets/liabilities as per valuation report. The said transaction is expected to be competed on September 30, 2022.

Jay Shree Tea & Industries is a part of well diversified conglomerate of B.K Birla Group. It is the largest tea producer in the world with many Tea Estates spread across India and also owns tea estates in the best quality tea producing belt of East Africa.