Rossell India has entered into an agreement with Dhunseri Petrochem & Tea for acquisition of their Namsang Tea Estate as a going concern for an agreed consideration of Rs 28.29 crore. The company has entered into an agreement on April 20, 2012.
Namsang Tea Estate is located at Jeypore, Dibrugarh district in Assam. The estate has the capacity to produce around 7.30 lakh kgs of black tea. With this acquisition, the total tea estates owned by the Rossell India in Assam stands enhanced to six with total production of 51.00 lakh kgs of black tea in a year.
Rossell India operates as a subsidiary of BMG Enterprises and engaged in manufacturing of black tea. The company owns tea estates in India.
