McLeod sells 6 more gardens; courting Alibaba, others to sell tea online

The firm is also in talks with Alibaba and other e-commerce companies to launch packet tea on the online platform globally

In its fourth tranche of sales, McLeod Russel, which is on a selling spree of its tea gardens, has signed agreements to sell off two estates in Dooars in West Bengal and four estates in Assam for a total consideration of Rs 2.32 billion.

In Dooars, the Chuapara and Jainti Tea Estates including Chuniajhora Tea Estate, whose produce is processed in the Jainti Tea Estate, are being sold to Civil Engineers Enterprises, a non-tea firm. In Assam, the Addabarie, Dirai, Mahakali and Rajmai Tea Estates are being sold to Saffron Enclave, another non-tea firm.

These estates in Assam, which are