Sale22 May 2025, 08:21 pm
Dhunseri Tea & Industries Ltd to Sell Deohall Tea Estate to Promoter Group Company for Rs. 23.50 Crore
AI Summary
Dhunseri Tea & Industries Ltd has entered into a Term Sheet with Madhuting Tea Private Limited, a Promoter Group Company, for the sale of 'DEOHALL TEA ESTATE' on May 22, 2025. The expected completion date of the sale is November 30, 2025, with a consideration of Rs. 23.50 crore. The transaction is a Related Party Transaction, with Mr. Chandra Kumar Dhanuka and Mr. Mayank Beriwala serving as Directors in both companies. The sale is at 'arms length' and is not outside the Scheme of Arrangement.
Key Highlights
- Dhunseri Tea & Industries Ltd to sell Deohall Tea Estate to Madhuting Tea Private Limited for Rs. 23.50 crore.
- The transaction is a Related Party Transaction with Mr. Chandra Kumar Dhanuka and Mr. Mayank Beriwala serving as Directors in both companies.
- The sale is at 'arms length' and is expected to be completed by November 30, 2025.
- Deohall Tea Estate contributed Rs. 21.92 crore to the company's turnover during the last financial year.
- The sale is not outside the Scheme of Arrangement.