Jay Shree Tea Board to consider scheme of amalgamation

Jay Shree Tea & Industries Ltd has announced that a meeting of the Board of Directors of the Company will be held on June 28, 2007, inter alia, to consider and approve Scheme of Amalgamation u/s 391 & 394 of the Companies Act, 1956, of the subsidiaries, Birla Tea Ltd., Darjeeling Consolidated Tea Ltd., Marionbarie Tea Co Ltd. with the Company, subject to the approval of the scheme by the Hon'ble High Court of Kolkata and the shareholders and others as may be required under the law.

Source : Equity Bulls

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