Separator

Asian Tea & Exports Acquires 100 Percent Of Herbby Tea Plantations

Separator
Asian Tea & Exports Acquires 100 Percent Of Herbby Tea Plantations

CEOInsights Team, 0

Asian Tea & Exports has informed the acquisition of 100 percent equity shares of Herbby Tea Plantations Private. Accordingly, Herbby Accordingly, Herbby Tea Plantations has become a wholly owned subsidiary of Asian Tea & Exports Private with effect from October 21st, 2022. As
per the filing,the new industry belongs to manufacturing of Tea & other beverages and its business operation is yet to commence.

The Company Has Acquired 9999 Equity Shares At The Face Value Of Rs.10 Each Aggregating To Rs.99990 In Cash


HTPPL has been acquired as wholly owned subsidiary by the company to expand the business operation. The Company has acquired 9999 Equity Shares at the face value of Rs10/-each aggregating to Rs. 99990 in cash. Balance 1 equity shares at the face value of Rs.10 are held by HariramGarg, as nominee of the company, the company said.