Tata Coffee sells land in Telangana for Rs150 crore; Stock dips 1%

3 Oct 2022 , 10:42 AM

Tata Coffee Ltd has informed the sale of land by the company.

Pursuant to the Board’s approval on September 29, 2022, entered into a definitive Agreement of Sale for disposal of an immovable property situated in the State of Telangana, to a third party buyer (non-related party).

Accordingly it has transferred all rights, title and interest over the said property including the possession, to the Buyer, for a sale consideration of Rs150 crore (INR One Hundred and Fifty Crores only), which has been fully received, the company said in a filing.

On Monday at around 10:43 AM, Tata Coffee Ltd is currently trading at Rs222.30 per share down by Rs2.4 or 1.07% from its previous closing of Rs224.70 per share on the BSE.

Tata Coffee Limited is an India-based company that is engaged in the production, trading and distribution of coffee, tea and allied products. The Company’s segments include Plantations and Value Added Product.

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