Dhunseri Tea & Industries has received board's approval to enter into a non-binding term sheet to sell its branded tea business presently undertaken under the brands ‘LALGHORA’ and ‘KALAGHORA’ for an aggregate consideration of Rs 101 crore. The Board of Directors of the Company at its meeting held on April 23, 2019 has approved the same.
The proposed sale shall be subject to due-diligence by the buyer including definitive binding agreements and applicable statutory / regulatory approvals.
Dhunseri Tea and Industries is engaged in tea production. It provides packaging and blending units are located in Dhunseri Tea Estate (Assam) and at Jaipur (Rajasthan).
