Diana Tea Company has received an approval to go ahead with the negotiation, finalizing terms and conditions and conclude the deal relating to sale of its Ambari Tea Estate situated at Jalpaiguri in West Bengal to Maxwell Golden Tea, Coimbatore. The board at its meeting held on September 29, 2011 has approved for the same.
Further, the prospective sale of Ambari Tea Estate, will be subject to necessary approval of the shares-holders under section 293(1) (a) and other necessary statutory approvals.
Diana Tea Company is engaged in the business of cultivation and manufacturing of tea. Its gardens are located in Dooars region of West Bengal. Its products include packet tea, bulk tea, dipping tea bags and wooden keddies. Its packet tea is available in package of 250 grams.
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