MoneyWorks4Me

Dhunseri Tea inks MoU with Warren Tea to acquire Balijan North Tea Estate

20 Jan 2022 Evaluate

Dhunseri Tea and Industries has entered into Memorandum of Understanding (MoU) with Warren Tea on January 19, 2022 for acquisition of Balijan North Tea Estate. Possession of the aforesaid Tea Estate has been taken over.

Earlier, in December 2021, the company had entered into Memorandum of Understanding for sale of 'Santi Tea Estate', for a consideration of Rs 6.01 crore to Sanjay Rasiwasia or his nominees.

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).

Peers