Maharaja Shree Umaid Mills Limited, a promoter, increased its stake in The Peria Karamalai Tea & Produce Company Limited from 3.91% to 43.34% by acquiring 12,20,606 shares for ₹91.14 Cr at ₹746.65 apiece. This was a result of a scheme of amalgamation where Placid Limited, which held 39.43% of the company, merged with Maharaja Shree Umaid Mills Limited.
About The Peria Karamalai Tea & Produce Company Limited
A tea producer and distributor established in 1913, Peria Karamalai Tea & Produce cultivates and markets quality tea products across India's competitive beverage sector. Beyond tea, the company operates in power generation and distribution, serving energy needs in its operational regions. The company also maintains a portfolio of investments in financial instruments, diversifying its revenue streams and business exposure.
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