Shri Vasuprada Plantations has sold its 8.90% shareholding in Pranav Infradev Company (PICPL), a wholly-owned material subsidiary of the company, for a consideration of Rs 1.97 crore to Promoter/Promoter Group/other Related Parties. PICPL ceases to be a Subsidiary of the Company.
Shri Vasuprada Plantations, erstwhile Joonktollee Tea & Industries, is a leader in producing quality teas. Apart from tea the company also deals in other plantation crops, viz., coffee, pepper, cardamom, areca, vanilla etc. The company is also in the business activities of Tea, Rubber, Coffee.
