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Dhunseri Tea strengthens as its arm incorporates wholly owned subsidiary

Dhunseri Tea & Industries is currently trading at Rs. 220.85, up by 1.00 points or 0.45% from its previous closing of Rs. 219.85 on the BSE.

The scrip opened at Rs. 220.00 and has touched a high and low of Rs. 226.35 and Rs. 210.00 respectively. So far 3675 shares were traded on the counter.

The BSE group ‘B’ stock of face value Rs. 10 has touched a 52 week high of Rs. 344.80 on 20-Jun-2018 and a 52 week low of Rs. 201.35 on 17-May-2019.

Last one week high and low of the scrip stood at Rs. 226.35 and Rs. 206.80 respectively. The current market cap of the company is Rs. 158.56 crore.

The promoters holding in the company stood at 67.13%, while Institutions and Non-Institutions held 5.36% and 27.51% respectively.

Dhunseri Tea & Industries’ subsidiary — Dhunseri Petrochem & Tea has incorporated a wholly owned subsidiary by the name ‘Dhunseri Mauritius’ on May 02, 2018 and thus Dhunseri Mauritius has become a wholly owned step-down subsidiary of the Company.

Dhunseri Tea and Industries is engaged in tea production. It provides packaging and blending units are located in Dhunseri Tea Estate (Assam) and at Jaipur (Rajasthan).

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