Dhunseri Tea & Industries has entered into a Memorandum of Understanding (MoU) on December 14, 2022 for sale of Khagorijan Tea Estate 'on as is where is basis', jointly to Sahdev Singh Kushwah, Sanwar Mal More and Nikhil Agarwalla. The Final Agreement for Sale will be entered between the Vendor and the Purchaser through Partnership Firm or LLP being formed by them on or before the execution of the Sale Agreement.
The Consideration received from such sale/disposal is Rs 15.00 crore subject to adjustment for value of Current Assets and Current liabilities as on date of completion of sale and due diligence.
Dhunseri Tea & Industries is engaged in tea production. It provides packaging and blending units are located in Dhunseri Tea Estate (Assam) and at Jaipur (Rajasthan).
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