Sale27 March 2026 at 03:11 pm
Bombay Burmah Trading Corporation Ltd Sells Tea Plantations for Rs. 120 Crores
AI Summary
The Bombay Burmah Trading Corporation Ltd has sold its tea plantations, specifically the Dunsandle Estate located at Village Sholur, Taluka – Udhagamandalam, District – Nilgiris, to five buyers for a total consideration of Rs. 120,00,00,000. The buyers include Mr. Rangasamy S/o Kanthasamy Gounder, Mrs. Rathinambal W/o. Rangasamy, Mr. Durai Arun S/o. Rangasamy, Mr. Saran S/o. Rangasamy, and Poomex Clothing Company. The sale was effected through an Asset Purchase Agreement. As of the date of the agreement, Rs. 110 Crores have been received, with the balance consideration to be received as per the agreement.
Key Highlights
- The Bombay Burmah Trading Corporation Ltd sold its tea plantations (Dunsandle Estate) for a total consideration of Rs. 120 Crores.
- The buyers include Mr. Rangasamy S/o Kanthasamy Gounder, Mrs. Rathinambal W/o. Rangasamy, Mr. Durai Arun S/o. Rangasamy, Mr. Saran S/o. Rangasamy, and Poomex Clothing Company.
- As of the date of the agreement, Rs. 110 Crores have been received, with the balance consideration to be received as per the agreement.