Jay Shree Tea and Industries surges on Africa tea estate stake sale

Jay Shree Tea and Industries

17/01/2020 08:36

** Shares of tea and sugar manufacturer Jay Shree Tea and
Industries Ltd  JYST.NS  rise as much as 10.1% to 59.40 rupees,
their highest since Sept. 19, 2019
    ** Co enters deal with Grand Lacs Trading SA, Belgium to
sell its stake in two of its tea estates in East Africa for $10
mln  urn:newsml:reuters.com:*:nFWN29L0W2
    ** About 559,000 shares change hands, vs 30-day average of
about 136,000 as of 0810 GMT
    ** Shares have gained 12.87% this year, as of last close,
after falling 47% in 2019
    

 (Reporting by Nallur Sethuraman in Bengaluru)
 ((Sethuraman.NR@thomsonreuters.com; (+91 8067496031); Reuters
Messaging: nallur.sethuraman.thomsonreuters.com@reuters.net))