James Warren Tea rises on getting nod to sell Rajah Alli Tea Estate
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James Warren Tea is currently trading at Rs. 292.00, up by 1.65 points or 0.57% from its previous closing of Rs. 290.35 on the BSE.
The scrip opened at Rs. 295.35 and has touched a high and low of Rs. 295.35 and Rs. 289.00 respectively. So far 632 shares were traded on the counter.
The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 335.00 on 21-Aug-2024 and a 52 week low of Rs. 209.10 on 04-Jun-2024.
Last one week high and low of the scrip stood at Rs. 299.00 and Rs. 280.00 respectively. The current market cap of the company is Rs. 106.93 crore.
The promoters holding in the company stood at 68.61%, while Institutions and Non-Institutions held 0.01% and 31.39% respectively.
James Warren Tea has received in-principle approval for sale of Rajah Alli Tea Estate, i.e. one of the Tea Estate of the Company. For this purpose, the Board has authorized the officials of the Company to negotiate with the prospective buyers and to execute the requisite Memorandum of Understanding (MOU)/ Agreement(s) and documents as may be required in connection thereto.
The Board of Directors of the Company at its meeting held on September 09, 2024, has considered and approved the same.
James Warren Tea is engaged in growing, manufacturing, and marketing tea in India and offers CTC and orthodox tea products.
