Sale28 Aug 2026, 04:26 pm
Mcleod Russel to Sell Tarajulie Tea Estate Assets for ₹22.75 Cr
AI Summary
Mcleod Russel India Ltd has entered into a Memorandum of Understanding (MoU) for the disposal of assets of its Tarajulie Tea Estate in Assam. The sale, valued at ₹22,75,00,000 (exclusive of taxes and subject to due diligence), is part of a debt resolution plan with National Asset Reconstruction Company Limited (NARCL) acting through India Debt Resolution Company Limited (IDRCL). The tea estate contributed ₹1517 Lakhs, or 1.57%, to the company's turnover in FY26. The transaction is expected to be completed by October 31, 2026, pending necessary approvals, including shareholder consent under Section 180(1)(a) of the Companies Act, 2013. The buyer, Jaynath Tea Estate, is not a related party.
Key Highlights
- Mcleod Russel to sell Tarajulie Tea Estate assets for ₹22.75 Cr.
- Sale is part of debt resolution with NARCL/IDRCL.
- Tarajulie Estate contributed 1.57% to FY26 turnover.
- Transaction subject to due diligence and shareholder approval.
- Expected completion by October 31, 2026.
Price Impact
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