India's Jay Shree Tea surges on considering estate sale

Jay Shree Tea and Industries

09/01/2023 05:13

** Shares of Jay Shree Tea and Industries  JYST.NS  up as
much as 4.15% at 100.45 rupees, their highest since Jan. 4
    ** Tea manufacturer said late on Friday it signed an
Memorandum of Understanding for sale of a tea estate 
    ** JYST to consider demerger of Sholayar/Kallyar estates to
Bidhannagar Tea Co unit, co added
    ** About 27,850 shares change hands, as of 9:56 a.m. IST,
0.3x 30-day average of 99,332 shares 
    ** Stocks down 5.1% last year
 (Reporting by Manvi Pant in Bengaluru)
 ((Manvi.Pant@thomsonreuters.com;))