Assam Company high on valuation of McLeod Russel's tea gardens

The valuation of McLeod Russel’s tea gardens at Rs 340-Rs 350 a kg has rekindled hopes for a good deal for the beleaguered estates of Assam Company India Ltd, which is undergoing insolvency proceedings in the Guwahati bench of the National Company Law Tribunal (NCLT). 

Sources suggest that the quality of gardens of both these companies are “inherently good.” However, Assam Company’s tea estates have been in a state of neglect owing to years of stress on the company’s revenues and margins.

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