Dhunseri Tea jumps on inking MoU with Apeejay Tea for acquisition of two tea estates
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
Dhunseri Tea & Industries is currently trading at Rs. 257.65, up by 35.85 points or 16.16% from its previous closing of Rs. 221.80 on the BSE.
The scrip opened at Rs. 230.00 and has touched a high and low of Rs. 261.00 and Rs. 229.85 respectively. So far 33728 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 358.00 on 12-Jan-2022 and a 52 week low of Rs. 177.10 on 21-Jun-2022.
Last one week high and low of the scrip stood at Rs. 261.00 and Rs. 213.85 respectively. The current market cap of the company is Rs. 271.09 crore.
The promoters holding in the company stood at 68.90%, while Institutions and Non-Institutions held 2.03% and 29.07% respectively.
Dhunseri Tea & Industries has entered into Memorandum of Understanding (MoU) on December 5, 2022 with Apeejay Tea for acquisition of the two tea estates (Budlabeta Tea Estate and Hapjan Tea Estate) located in Tinsukia District in the State of Assam for a total consideration of Rs 109.00 crore. The objective of acquisition is to enhance production, turnover and profitability.
Dhunseri Tea and Industries is engaged in tea production. It provides packaging and blending units are located in Dhunseri Tea Estate (Assam) and at Jaipur (Rajasthan).
