Apeejay Tea board of Directors at its meeting held on Sep. 04, 2007, approved delisting of Apeejay Tea shares on Bombay Stock Exchange (BSE).
The company swung to a loss for the quarter ended June 2007. During the quarter, the company posted loss of Rs 7.8 million, compared with a 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 was 54,666. (Tuesday)
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