Sale4 Jul 2025, 04:53 pm
Goodricke Group Ltd Executes Agreement for Sale of Leesh River Tea Estate to M/s. Sombaria Agri Products Private Limited
AI Summary
Goodricke Group Ltd has executed an Agreement for Sale with M/s. Sombaria Agri Products Private Limited for the transfer of Estates, Bearer Plants, and Specified Assets comprising in Leesh River Tea Estate. The execution of this Agreement follows the completion of a due diligence process conducted by the buyer. Upon execution, possession of the aforesaid assets has been duly transferred to the buyer. The transfer of leasehold rights over the land remains subject to the approval of the Competent Authority of the Government of West Bengal. The transaction details were earlier intimated to the Exchange on 16 April, 2025, as per SEBI regulations.
Key Highlights
- Goodricke Group Ltd has executed an Agreement for Sale with M/s. Sombaria Agri Products Private Limited for Leesh River Tea Estate
- The Agreement includes the transfer of Estates, Bearer Plants, and Specified Assets
- The execution of the Agreement follows the completion of a due diligence process conducted by the buyer
- Upon execution, possession of the assets has been transferred to the buyer
- The transfer of leasehold rights over the land is subject to the approval of the Competent Authority of the Government of West Bengal