Acquisitions22 Apr 2026, 05:31 pm
Bengal Tea & Fabrics to acquire Tea Estate for ₹45 Cr
AI Summary
Bengal Tea & Fabrics Ltd's Board has approved entering into a Memorandum of Understanding (MoU) with Mcleod Russell India Limited for the acquisition of the Nya Gogra Tea Estate in Assam. The acquisition is for an approximate cash consideration of ₹45 crore. This strategic move aims to enhance Bengal Tea & Fabrics' production, turnover, and profitability within the Tea & Coffee industry. The transaction is targeted for completion by May 15, 2026, pending necessary governmental and regulatory approvals from bodies such as NARCL, JCF, and ATEPFO.
Key Highlights
- Bengal Tea & Fabrics to acquire Nya Gogra Tea Estate.
- Acquisition cost is approximately ₹45 crore in cash.
- Aims to boost production, turnover, and profitability.
- Expected completion by May 15, 2026.
- Requires approvals from NARCL, JCF, and ATEPFO.