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Jay Shree Tea in talks to buy sugar company

Tuesday, 23 Mar 2010
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Jay Shree Tea & Industries is likely to acquire 100 per cent stake in M P Chini Industries of Bihar. The deal is likely to be finalised by end-April 2010.

The deals size is estimated to be Rs 112.50 crore. The acquisition will be funded through a mix of internal accruals and debt.

M P Chini Industries has a daily capacity of 4,600 tccpd and has a power generation capacity of 6 MW for captive use.

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