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Asian Tea rises on acquiring majority stake in Asian Tea Company

25 Jul 2012 Evaluate

Asian Tea & Exports is currently trading at Rs. 15.90, up by 0.68 points or 4.47% from its previous closing of Rs. 15.22 on the BSE.

The scrip opened at Rs. 15.90 and has touched a high and low of Rs. 15.90 and Rs. 15.90 respectively. So far 1 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 29.85 on 04-Aug-2011 and a 52 week low of Rs. 13.25 on 02-Jul-2012.

Last one week high and low of the scrip stood at Rs. 15.90 and Rs. 14.00 respectively. The current market cap of the company is Rs. 15.90 crore.

The promoters holding in the company stood at 59.84% while Institutions and Non-Institutions held 0.15% and 40.01% respectively.

Asian Tea & Exports has acquired 50.16% shares of Asian Tea Company at a price consideration of about Rs 1.12 crore. Pursuant to the acquisition, Asian Tea Company shall be treated as subsidiary of the company.

Asian Tea & Exports is engaged in producing and exporting tea. The company manufactures three types of teas such as Black Tea, Green Tea and Oolong Tea. Company offers teas from different tea growing regions of India such as Assam, Darjeeling and Nilgiris and other countries namely Sri Lanka, Kenya, Indonesia and Vietnam. The company markets its products under the brand name “FOUR SEASONS”.

Asian Tea & Exports Share Price

10.64 0.21 (2.01%)
21-Apr-2026 16:59 View Price Chart
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