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Tuesday, May 17, 2005
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 Corporate - Restructuring


HLL clears transfer of tea estates

Our Bureau

NEW DELHI: HLL on Monday said that its shareholders have approved the transfer of the tea plantation businesses in Assam and Tamil Nadu.

The Doom Dooma Division in Assam and the Tea Estates India Division in Tamil Nadu comprise gardens and manufacturing facilities.

On April 8 last, HLL had announced that it would seek shareholder approval for selling its tea plantation businesses in Assam and Tamil Nadu to a wholly owned subsidiary of the company.

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