Dhunseri Tea ‘concludes’ deal for sale of Khetojan Tea Estate

Our Bureau Updated - January 15, 2021 at 09:14 PM.

Bloomberg Photo Service 'Best of the Week': Workers hand-pick tea leaves on the Makaibari Tea Estate in Kurseong, West Bengal, India, on Monday, Sept. 8, 2014. The 155-year-old Makaibari Tea Estate recently sold it's Darjeeling tea, named Silver Tips Imperial, for $1,850 a kilo to buyers from the U.K., the U.S. and Japan, becoming the most expensive Indian tea ever sold. Photographer: Sanjit Das/Bloomberg

Dhunseri Tea & Industries Ltd has completed the “execution” of agreement of sale of Khetojan Tea Estate with Shyam Khetojan Tea Company for a consideration of ₹6.60 crore.

According to a stock market notification, Dhunseri said, “the deal has been concluded” post receipt of full consideration.

The company had entered into a Memorandum of Understanding with Shyam Khetojan Tea Company, a partnership firm, on September 24 last year, for sale of the tea estate.

The estate was sold as a “going concern” and on an “as is, where is” basis for ₹6.60 crore, a previous stock market notification said.

Published on January 15, 2021 15:19