Dhunseri Tea concludes sale of ‘Bahadur Tea Estate’ to Jalannagar Development

The company had entered into an MoU on October 28, 2020, with Jalannagar Development for the sale of ‘BAHADUR TEA ESTATE’ for consideration of Rs10.85cr.

Feb 24, 2021 05:02 IST India Infoline News Service

Dhunseri Tea & Industries Limited informed the exchanges Wednesday that the sale of ‘BAHADUR TEA ESTATE’ has been concluded after full consideration amount.

“The execution of Agreement for Sale of ‘BAHADUR TEA ESTATE’ (excluding the tea manufacturing Factory) with Jalannagar Development Private Limited and receipt of full consideration amount, the deal has now been concluded,” company said in a regulatory filing on Wednesday.

The company had entered into a Memorandum of Understanding on October 28, 2020 with Jalannagar Development for sale of ‘BAHADUR TEA ESTATE’ 'on as is where is basis' for a consideration of Rs10.85cr.

Dhunseri Ventures Ltd ended at Rs86.50 per piece down by Rs0.6 or 0.69% from its previous closing of Rs87.10 per piece on the BSE.

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