Under insolvency process, ACIL may get bids form Dhunseri Tea, Warren Tea

Both these firms are apparently only interested in ACIL's tea business and not its oil vertical

Even as the expression of interest for Assam Company India Ltd (ACIL), which is facing the insolvency resolution process under the National Company Law Tribunal (NCLT), is yet to commence, at least two tea companies have expressed an interest in bidding for the firm.  

Both of these firms -- Dhunseri Tea & Industries Ltd (DTIL) and Warren Tea -- have been on the lookout for acquiring tea gardens in Assam and may place bids if offered the right valuation. 

DTIL Managing Director C K Dhanuka, who directly holds 1.14 per cent stake in the company, told Business Standard: "I