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.