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Joonktollee Tea & Industries Ltd has informed BSE that the Company has completed on April 05, 2016 the acquisition of 80,000 Equity Shares of Rs.100/- each being 100% paid-up share capital of M/s. Keshava Plantations Private Limited owning Azizbagh Tea Estate at Assam in terms of the Share Purchase Agreement dated December 02, 2015 at a consideration of Rs.27.50 Crores. By virtue of completion of the aforesaid transaction, M/s. Keshava Plantations Private Limited has become wholly-owned subsidiary of the Company w.e.f. April 05, 2016.

The Company has entered into a Share Purchase Agreement for acquiring 100% equity shares of Keshava Plantations Pvt. Ltd. with the Chaliha family for acquisition of Azizbagh Tea Estate in Assam with factory for a consideration of Rs. 27.50 crores. Acquisition will be completed before March, 2016.

Description: Shri. Hemant Bangur was appointed as the Chairman of the Company in its Board Meeting held on 12^th August 2015.

The Company's shares are now directly listed on BSE Limited w.e.f. April 10, 2014.

Description: The Company is 201st largest Company in the Asian market and 151st most profitable. As per the above analysis if the Company continues in its current course, it will jump up the ranking significantly.