Jayshree Tea & Industries Limited — JV/Acquisition, 14-11-2024: Demerger

Jay Shree Tea & Industries Limited has decided to terminate the proposed Scheme of Arrangement for demerging the Sholayar and Kallyar Tea estates into its wholly owned subsidiary, Bidhannagar Tea Co. Private Limited. This decision comes after the initial approval of the scheme in a prior board meeting. By withdrawing the application submitted to the Stock Exchanges, the company aims to streamline its operations and refocus efforts. This move could help clarify the company’s strategic direction and strengthen its core business without the complexities of the demerger process.