Apeejay Tea to delist from BSE
The board of directors of Apeejay Tea at its meeting held on Sep. 04, 2007, approved delisting of shares on Bombay Stock Exchange (BSE).
The company swung to a loss for the quarter ended June 2007. During the quarter, the company saw loss of Rs 7.8 million,compared with profit of Rs 3.20 million, in the corresponding quarter last year.
Net sales for the quarter declined 8.20% to Rs 134.40 million, compared with the corresponding quarter, a year ago.
Shares of the company closed up Rs 10.6, or 9.81%, at Rs 118.6. The total volume of shares traded at the BSE were 54,666. (Tuesday ).
