India's Dhunseri Tea hits over 3-year high on proposed bonus issue

Dhunseri Tea & Industries

16/06/2021 05:20

** Shares of the tea maker  DHUT.NS  rise as much as 20%,
hitting an upper circuit at 466 rupees - their highest since
February 2018
    ** Co on Tuesday said it would consider a bonus issue of
shares at its board meeting on June 23
    ** Co did not disclose the proposed ratio of the bonus issue
    ** About 25,680 shares change hands vs 30-day avg of 24,823
    ** DHUT harvests and sells loose and packet tea in India
    ** It also sells macadamia nuts grown at its Malawian
estates
    ** DHUT shares up ~50% this year, as of last close

 (Reporting by Nallur Sethuraman in Bengaluru)
 ((Sethuraman.NR@thomsonreuters.com; (Within U.S.
1-646-223-8780, Outside U.S. +91 8067496031); Reuters Messaging:
nallur.sethuraman.thomsonreuters.com@reuters.net))