Tea producer McLeod Russel India plunges to over 10-year low

McLeod Russel India

03/05/2019 06:30

** Shares of McLeod Russel India Ltd  MCLE.NS , the world's
largest producer of tea, fall as much as 9.6 pct to their lowest
in over a decade of 46.3 rupees
    ** Employees at the company's Kolkata headquarters have not
received their salaries for the last few months, CNBC-TV18
reported on Thursday, citing sources
    ** McLeod Russel did not immediately respond to Reuters'
calls and emails for a comment
    ** The company has sold down several assets in its tea
estates in the last month  urn:newsml:reuters.com:*:nFWN21J0J7 http://bit.ly/2JbyT3i
http://bit.ly/2JeCAVJ
    ** Stock down nearly 30 pct this week and 56.8 pct this year
as of last close; heads for 10th straight session of losses
    ** About 1.5 mln shares exchanged hands at about 5.4 times
of 30-day average of 272,488 shares by 0509 GMT


 ((Reuters Messaging:
chris.thomas.thomsonreuters.com@reuters.net))