Business Standard

Dhunseri Tea to acquire two estates from Apeejay Tea in Assam's Tinsukia

The acquisition would give Dhunseri a bigger pie in Assam's tea market

farming, cultivation
Premium

Ishita Ayan Dutt Kolkata
Soon after entering into a deal with Warren Tea to buy its four tea estates in Assam, the C K Dhanuka-promoted Dhunseri Tea & Industries is set to buy another two tea gardens from Apeejay Tea Ltd, a part of the Apeejay Surrendra group.
 
In a stock exchange filing, Dhunseri said the company has signed a memorandum of understanding (MoU) on Monday with Apeejay Tea Ltd for acquisition of two tea estates located in Tinsukia district of Assam for Rs 109 crore.
 
Dhanuka said the Apeejay estates being acquired were its best.
 
The acquisition would give Dhunseri

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in