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McLeod Russel to sell specified assets of its certain Tea Estates

23 Apr 2019 Evaluate

McLeod Russel India has executed an agreement for sale of Specified Assets of Addabarie Tea Estate, Mahakali Tea Estate and Dirai Tea Estate of the Company, with Luxmi Tea Company on April 22, 2019.

Earlier, the company had entered into a Non-Binding term sheet with Saffron Enclave inter alia for sale of specified assets of the aforesaid three estates, which has expired on March 31, 2019.

McLeod Russel India is a holding company. The company is engaged in manufacturing of tea in India.

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