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Asian Tea acquires 63.37% stake in Indong Tea Company

17 Sep 2014 Evaluate

Asian Tea & Exports has acquired 63.37% stake in Indong Tea Company at a price consideration of around Rs 1.80 crore and subsequent to such acquisition the Indong Tea Company shall be treated as subsidiary of the company.

Asian Tea is engaged in producing and exporting tea. Besides tea, the company is also engaged in manufacturing activities, trading and exports of coffee and garment. The company’s blending and packing units are located in Calcutta and Coimbatore in India.

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